As the picture shows you need to look to the future when getting a mortgage. Yes the "rate" and "I want a house" represents today but you need to plan not only for today but also the future. You need to ask yourself "Do I/we want to be house poor?" Yes I know your broker [...]
So do you need to hold up a bank to get a down payment? Of course you do not and if you did then you will not need a home as one will be provided - issue is you will not be able to leave this small enclosure. All kidding aside there has been so [...]
The home buying process is an exciting and a scary time so you need to keep those emotions in check and make sure you are doing the right things. The last thing you want to hear 10 days before closing is "sorry your mortgage has now been declined due to new debt OR you have [...]
