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.
Cash back towards closing cost, when you are ready to buy. In the meantime, please create an account to save your favorite listings and searches - even receive email updates when listings you like come on the market! We will not pressure you to talk to us - we are here to assist you, only when you need assistance and when you feel ready to talk or take it to next level. Thank you!
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Kay Bal RE/MAX Gateway
Offices throughout Virginia: serving clients in Reston, Great Falls, Mclean, Chantilly, Fairfax, Vienna, Arlington, Oakton, Centerville, Herndon, Aldie, Southriding, Leesburg, Middleburg and NOVA.