Your REALTOR:


BESTHOME REALTY

Contact John for home buying, selling or property management

 

 

 

John Peters

Managing Broker

541 Blue Rock Dr

Charlotte NC 28213

704 -596 4281 (0)

704 -236 2174(cell)

704 -231 0685(cell)

704 -596 0647 (fax)

303 -200 8251(Efax)

bestHomeRealty@msn.com

 

 

 

 

How a New Car Payment Reduces Your Purchase Price

Suppose you earn $5000 a month and you have a car payment of $400. At current interest rates (approximately 8% on a thirty-year fixed rate loan), you would qualify for approximately $55,000 less than if you did not have the car payment.

Even if you feel you can afford the car payment, mortgage companies approve your mortgage based on their guidelines, not yours. Do not get discouraged, however. You should still take the time to get pre-qualified by a lender.

However, if you have not already bought a car, remember one thing. Whenever the thought of buying a car enters your mind, think ahead. Think about buying a home first. Buying a home is a much more important purchase when considering your future financial well being.

 

 

 

 

Real Estate Library articles 2000 RealEstate ABC

 

                                                                           

 

 

 

 

 

                    Home for All Your Real Estate Needs