Introduction     Mistake #1      Mistake #2      Mistake #3      Mistake #4      Mistake #5
Mistake #6      Mistake #7      Mistake #8      Mistake #9      Mistake #10 

Sometimes a lender will require you to pay off debts to qualify for a mortgage and in other cases; you may be able to qualify without paying off the debts.

The question is:

• Should you pay all of them off ?

• Should you pay some of them off ?

• Should you pay none of them off ?

It is important to look at your entire financial picture when you buy or refinance your home. If the interest on your debts is more than the interest you earn on your investments, you may be better off getting rid of the debts all together.

If you find your monthly finances stretched out by car loans, credit cards and other debts that are not tax deductible, it may be wise to add up the total monthly payments of your debts and compare the total with the increase in your mortgage payment that includes the payoff of your debt.

On the other hand:

We find in many other cases the current monthly cash flow is good, but if you reorganize your debt and continue the same payment amount each month, then you might be able to be debt free in 10 years or less!

We will help you run the numbers and compare cash flow and total costs.

Email us or Call us at 303-771-1320 or APPLY ON LINE NOW!