How a Car Payment Could Cost You $100,000 in Home Buying Power When you’re house hunting in today’s market, every dollar counts — and sometimes, it’s not your income holding you back from qualifying, it’s your monthly liabilities. One of the biggest culprits? Your car payment. You wouldn’t believe how often I see someone with…
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’ve done everything right. You sent your documents to the lender, got preapproved, and now you’re actively house hunting. Maybe it’s been a few weeks since you got your initial FHA preapproval. You’ve seen some homes, made a few offers, but nothing has gone into contract yet. Then, you hear the question: Should I switch…
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Co-signing a loan for someone might feel like the right thing to do, but it can have unintended consequences if you’re planning to get a mortgage or refinance your home. Whether it’s for a friend’s new car or a family member’s fancy motorcycle, co-signing puts their debt on your financial record, and that can cause…
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