Don’t Stretch your House Spending
Shopping for a new home? What is your Price Range? Many people are approved for a higher dollar amount in a mortgage than what they are comfortable paying in a monthly house payment – and often stretch out of the comfort zone, because they’ve heard from a mortgage adviser that they can afford it.
Don’t try to keep up with The Joneses. Live within your means … it’s more fun!
I’m not afraid to have a heart-to-heart with home buyers. I’ve advised a few people who have come in to discuss buying a home that they should wait – save more money/pay off more debt – and come back and see me when you’re ready to take the next step in a home purchase.
A friend of mine sent me this Seth Green Crib Video… enjoy.
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Oh, that was perfect!!
Hahaha, loved the message!
Sarah & Craig – I thought it was a fun way to say a whole lot
I couldn’t agree more. I am a loan officer in the Seattle Home mortgage arena. So many times I see people who stretch it to the point, just to get into a home and end up compromising life. Huge mistake. Its better to own a home and be able to enjoy life, than to work for a mortgage payment. Buying a home is a great investment, making sure it fits their budget is key.
Loved the video- thanks. I just talked someone out of trying to buy a home the other day. Their “off the credit report” expenses were great, even though her ratios were ok by the lender’s standards.