The Hidden Debt That Could Cost You $50,000 in Home Buying Power! 🤯
Автор: Reggie Graham
Загружено: 2025-12-30
Просмотров: 0
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A startling revelation for prospective homeowners: certain financial obligations slip under the credit report radar but deliver a heavy blow to mortgage approval. This look reveals how ongoing child support or alimony, even when documentation is tricky, gets factored into the debt-to-income equation. For someone earning $6,000 monthly with minimal traditional debt, adding a $1,000 monthly support payment drastically shrinks the amount a lender sees as affordable income. Discover the surprising calculation that might slash your maximum home purchase price by tens of thousands. It's essential to know what lenders really scrutinize before setting foot in an open house.
#MortgageTips #DebtToIncomeRatio #HomeBuyingMistakes #ChildSupportImpact #CreditReportMyths #RealEstateFinance #MortgageApproval
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