Long Beach Home Buyer Tips
So many of us have dreamed about that car we always wanted to own. It is so difficult to put the brakes on when you finally have the funds. But when making that purchase, however modest it seems at the time, reduces the amount of the Long Beach home loan you can qualify for radically, it is time to get your priorities in order. Remember what you think you can afford, and what the lender is comfortable with lending you, may vary substantially.
Purchasing Long Beach property is the most important investment you will ever make. Nobody wants to find the home of their dreams only to be told they cannot qualify for it because of their car payment, yet this happens all the time.
Debt-to-Income RatiosYour lender will consider your ability to qualify for a mortgage based on your debt-to-income ratio. That is the percentage of your gross monthly income that is reserved to pay down debt. This will include:
| Laurie MannyLong Beach Realtor (562) 212-5420 |
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Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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Laurie,
As I wrote in the other one, I like your blogs , keep the good work girl.
Thank you Ray
Hi Laurie-
Oh, so true!
I've had people do this at least twice in the last few years and it screwed them up ROYALLY.
It seems like the most simple thing: "Don't Make Any Major Purchases" - but somehow people don't listen.
Marc,
I have seen a couple of those purchases shatter the dream of home ownership.
Laurie-The information is great for Long Beach or anywhere else in the Nation. This is something that I will certainly plagiarize for future use (just kidding) Aloha!
Thank you David you are welcome to use it in print (credit me) or to link to it.