How to maximize your buying power when purchasing a home (Ep. 14)

YOU NEED TO KNOW HOW MUCH YOUR DEBTS ARE HURTING YOUR MORTGAGE APPLICATION! Mortgage Breakdown Ep. 14 is all about that buying power,……also staying power

Let’s just take a look at some numbers:
- Annual income: $70,000
- Down payment: 5%
- Qualifying Rate: 5.25%
- When you throw in a $500/month car payment into the mix you go from being able to purchase a house with a price of $320,000 down to $285,000.

YOU LOSE OUT ON $35,000 IN BUYING POWER!!
DON’T DO THAT TO YOURSELF!

Keep the debts low, you never know when you are in a position to buy a house, refinance, or switch and when those times come up, you want to make sure you are prepared.

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