Posted on March 4, 2019 - 09:57 AM
by Stefani & Associates
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.
We have been very pleased with Stana and Pete Stefani as our real estate agents in Reno for the past ten years. They helped us find and purchase our home in 2008 and they were very effective in helping us sell our home in 2018. They are very knowledgeable in all aspects of the real estate business and are very friendly and easy to work with. They really go above and beyond what is needed to sell your property and they have all of the up to date tools necessary to find just the right property for you if you are looking to buy. They are, as the saying goes, “Good People”.
I want to say a special thanks to a great team in helping us find the right house for us, from Fernley to Dayton to Cold Springs they took the time to show us different varieties of homes that would fit our needs so happy we choose them,Thanks Pete and Stana…Robert W.