2. Hold Off Making 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 your about $10,000 in home eligibility. For example, a furniture payment of $200/month could mean that you qualify for $20,000 less in a mortgage.

Hold off making any large purchases until after closing. The last thing you want is to know that you could have purchase a new home had you curbed the urge to spend.

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Serving homebuyers in San Diego and San Diego County
including La Jolla, Rancho Santa Fe and Del Mar.