Posted on March 15, 2018 - 02:57 PM
by Debra Leisek
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation.
Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage.
Even if you have accumulated enough savings, you should consider not making any large purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend.
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*
331 E. Pioneer Ave Suite 101
Homer, AK 99603 Phone: 907-235-6183 Fax: 907-235-4031 Contact Us
DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the AK MLS IDX of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Bay Realty are marked with either the listing brokerage's logo or the AK MLS IDX logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing content scraping by unauthorized personnel is strictly prohibited. Bay Realty does not display the entire AK MLS IDX Listing Content Database on this web site. The listings of some real estate brokerages have been excluded. Listing information is updated daily. Copyright 2019 Alaska Multiple Listing Service, Inc. All rights reserved. Listing information last updated on 2019-07-21 12:00:37