Posted on December 28, 2018 - 12:03 PM
by Jamie Borden
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.
Jamie was very professional, friendly and detailed; he was always available as needed. He ensured that we were receiving everything that was promised and successfully negotiated on our behalf throughout the sales process. The Borden Real Estate Team has a high level of integrity and will always go above and beyond to help you achieve your goals in the home buying process. I also want to note that they are consistently giving back to the community. In 2014 they will be donating a part of their commissions to Tribute to the Troops Fallen Hero's Children's Education Fund; the organization provides financial assistance through a 529 education account to surviving children, in honor of their fallen heroes, to be used for post-secondary education. Very impressive!!Amy Ham Lake, Minnesota