Why You Should Not Make Any Major Credit Purchases
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.
When we met Brad and John we knew it was a good fit because they listened to us and worked to customize the house to fit our needs. Everyone we worked with during the selection process was very helpful and gave us good advice. Any issues that arose during the build were taken care of efficiently and to our satisfaction. We would recommend Caliber Homes and the Chris Fritch Team to other potential buyers.