The latest Accunet Mortgage and Realty Show explores the topic of consumer debt which continues to rise, particularly among student loan and car loan-related payments. Now that auto loan debt has surpassed the trillion-dollar mark, Brian and David explain how home shoppers can actually buy much more house by simply going for a cheaper car that has a $300 payment vs. a $500 payment.
Later in the show, Brian switches gears to tell listeners about a real situation in which Accunet was having a difficult time helping a qualified buyer get a 30-year fixed-rate loan. This was a guy who had over a million dollars in assets along with an 800 credit score. Compared to a customer who recently went bankrupt with a credit score of 625, getting a loan should have been be a cinch. Find out why that wasn’t the case for this particular scenario.
Be sure to check in with us next week as Brian and David offer advice on navigating through the refinance and home buying process when going through a divorce. Until then, try out our refinance calculator and see how much you could potentially save.
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