Скачать или смотреть 5 Easy Ways to Increase Your Purchasing Power

With graduations, weddings, pool days, and Memorial Day festivities I thought I’d keep my email and video brief. There is just too much fun to be had!

Purchase Power = How much $$$ you qualify for on your next mortgage.

Whether you want to use every penny of your Purchase Power or not, it’s logical to find out the most precise number and make decisions from there.

Here’s 5 ways you can boost your Purchase Power:

1. Do you have an income Bonus coming? If you know you will be receiving a Bonus this year, make sure to report it to your lender. They may be able to incorporate it into your reported earnings.

2. Are you getting a raise in the next 30 days? Yup, future earnings can be incorporated if they can be verified by your employer.

3. Payoff debts. Your debt-to-income ratio is the MOST important aspect of gaining Purchase Power. So if you can payoff debts you are strengthening your debt-to-income ratio.

4. Consider “Buying Down” your interest rate. Having a lower interest rate saves you money on interest in the long run AND gives you more Purchase Power today. Talk with your lender about options and cost.

5. Every piece of income counts! Don’t forget to include alimony, child support, state payments, trust payments, et cetera. Any incoming money counts toward your income.

If you are considering buying a home this year I have excellent connections to lenders who are thoughtful, logical, and great at explaining all of your options.

MORGAN LARSON
BROKER ASSOCIATE & REALTOR® | DRE 01884981
Bliss Real Estate Team | Powered by Keller Williams Realty | DRE 01406150

530-503-5225
[email protected]
www.blissrealestateteam.com