Don't Make This Mistake Before Your Mortgage Closes скачать в хорошем качестве

Don't Make This Mistake Before Your Mortgage Closes

Buying a home in Calgary (or anywhere in Canada) and thinking about financing a new car? 🚗🏡 This video breaks down why a car loan can quietly destroy your mortgage approval — even after you’ve been pre-approved. Here’s the reality: lenders don’t care that you “can afford it” lifestyle-wise. They qualify you based on monthly debt ratios. That means every $100/month in car payments can reduce your mortgage approval by roughly $8,000–$12,000. So a $600 SUV payment can cut your buying power by about $60K–$90K, and a $900 payment can wipe out around $120K in qualification. What You’ll Learn in This Video: ✅ How car loan payments reduce your mortgage qualification ✅ Why the MOST dangerous time to take a car loan is after pre-approval but before closing ✅ How lenders can discover new debt (credit bureau updates, bank statements, lawyer reporting) ✅ Why funding can be pulled days before closing — and what that can trigger (deal collapse, deposit loss, penalties, rate hold expiry, and legal risk) ✅ What to do if you already took the car loan (real recovery options) Timing Risk (This Is Where Deals Collapse) If you take a car loan during the mortgage process — especially between approval and closing — lenders often re-check your credit and numbers before finalizing funding/insurer submission. That can lead to a $50K–$100K drop in qualification… or the entire deal falling apart. If You Already Took the Car Loan (Recovery Options) Depending on your situation, possible solutions may include: Returning the vehicle (if you’re within any dealer return/cooling-off window) Refinancing to a lower payment Adding a co-signer Paying down the principal to reduce debt ratios Switching to a more flexible lender Delaying the purchase to rebuild qualification strength Prevention Rule (Simple But Non-Negotiable) From application to closing: freeze your financial profile. No new loans, leases, credit increases, furniture financing, car purchases, or co-signing — because your approval depends on stability, not intentions. If you’re buying soon and want to protect your approval, send me a message, and I’ll walk you through the safest way to plan your financing before you commit to anything. #CalgaryRealEstate #MortgageApproval #FirstTimeHomeBuyer #MortgageTips #HomeBuyingCanada #CalgaryMortgage #DebtToIncome #CarLoan #RealEstateAdvice #YYCRealEstate Extended thinking