Posted on July 27, 2018 - 03:52 PM
by Doug Wingfield
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.
Doug Wingfield | Broker
Knock Knock Realty Funny Name, Serious about Service
3824 Cedar Springs Road
Dallas, TX 75219
Oak Lawn & Uptown
North Dallas & Park Cities
East Dallas & White Rock Lake Area
Hello Doug, It is I who certainly thank you for selling the house so quickly. I was afraid I would go bankrupt carrying the house note without a job. Now my future is a lot more secure. Thanks again and if I hear of anyone in the area wanting to sell, I will certainly recommend you. Best of luck,Betty C.
Thank you so very much for the gift card-an always handy & appreciated gift for new parents! We really enjoyed working with ya'll & hope to do it again in the future. Thanks again!Matt & Soni A.
Dear Doug, Thanks for spending a couple of days helping us find a great home. We know there's not too much in it for you to spend that time on a residential lease-but it will really make our lives better. And we appreciate you for that. We look forward to being neighbors.David & Stephanie B.