Banks and Mortgage Companies have been fooling consumers for too long. Lenders historically confuse the mortgage loan amount for which a person is qualified with what they can actually afford. This practice is bad for the consumer. It takes advantage of peoples optimism turning the American Dream of Home Ownership into a nightmare for millions of American Families.
Do a search on the internet for home affordability and see the results. The results are from lenders telling you how much you can afford. How can a lender possibly know how much you can afford without knowing your budget?
The dishonest practice of telling people what they can afford has gone on way too long. Predatory Lenders and their practices have caused serious consequences for lenders and home owners alike.
Don't be duped, no debt to income ratio, credit score or computer loan approval system can tell you how much you can afford. Only a budget and complete affordability analysis can tell you how much home you should buy. If you or someone you know is thinking about buying a home, contact me for an Affordability Consultation, so you can go forward with confidence.
After all, what good is it to buy a home you might not be able to keep.
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