Here is the part buyers are rarely told at the dealership.
Mortgage approval looks at monthly debt, not just whether you can afford the car today. A new car payment can raise your debt ratio, lower the home price that fits, or change the loan options available to you.
The safest move is simple: let your mortgage broker run the numbers before you sign for the car.
Save this for later. Send it to someone planning to buy a home.
— If we haven’t met yet, I’m Richard Sarey, your go to mortgage broker in Frisco Texas
#MortgageAdvice #MortgageStrategy #GetPreapproved #FriscoTXMortgageBroker
