I think understanding your personal debt is incredibly important ESPECIALLY if you are considering purchasing a home in the next 6-12 months.
I have seen many people add installment loans to their liabilities that eat up their monthly income. This cripples their home purchasing power.
If you are considering a major purchase AND have the thought of home ownership brewing in the back of your mind, now may be the time to look at your Mortgage affordability.
I educate each of my clients how their debt, or lack thereof, effects their home purchasing power.
Like most things in life, this is simple to understand and manage, with a bit of education. Also, like most things in life, this is easy to let slip through the cracks. I recommend NOT being one of those people.
Talk soon,
Chad Moore
403-809-5447
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