Your mortgage lender considers any purchase that either significantly increases your DTI or reduces your savings too large.

If you think it may be too expensive, it probably is. Wait until after your house closes.

 

How often does mortgage financing fall through? Not often. In fact, more than 96% of transactions under contract close.

Even so, you should follow your lender’s instructions carefully, and make sure your finances are in order. because there are several things that can derail the pocess.

 
 
 
 
 

What is a real estate survey, and why is it important?

They are legal documents that establish boundary lines and other important conditions with the land.

They are very important if you have a dispute about easements, setbacks, and encroachments.