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Debt Effects Buying Property

Search The Utah Real Estate MLS


Personal Debt Effects How Much You Can Borrow

When it comes to getting qualified for a mortgage, the lender will look at all of your monthly payments.

These items include payments on:

  • Auto loans
  • Student loans
  • Personal loans
  • Credit card debt (minimum monthly payment)

The higher they are, the less you can borrow to purchase real estate.

Click here to view a PDF example

 
 
 
 
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