One of the BIGGEST Mistakes that Home Buyers make... Episode 280

One of the BIGGEST Mistakes that Home Buyers make... ...Buy The House 1st and the Car 2nd time and time again I see people making this mistake and with all of the information available it's tough to understand how it keeps happening If you missed the memo on this here is the quick version when you buy a home with a mortgage the bank underwriter is going to take a long hard look at your income - paystubs - tax returns your credit score your down payment your debt to income ratio cash reserves when you go to get a car loan the bank will primarily use your credit score and ask your how much $ you make they may not even ask for income verification I am not telling you to do anything dishonest but if you understand that the lending approval guidelines are far more strict on a home loan wouldn't it make sense to start there? especially if they new car payment dramatically reduces the home purchase amount that you qualify for and you end up not being able to buy the home you really want today's show goes over the Math...

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