Video Transcript:
Most people think having a lot of debt means you cannot buy a home. For many loans this is true, but not for VA loans. I'm David Ghazaryan. My work is showing lenders what really matters: the money you have left over each month, not just how big your bills are. This leftover cash is called residual income. We check your pay, then subtract all your bills, food, and taxes to see what is really left. So, even if you have large bills, having a lot of leftover cash can get your loan approved. It proves you can really afford the payment. This special rule helps veterans buy homes in costly cities like San Diego. It shows they can live there without worry, even with a big payment. To see how this works, the complete article is linked for you below. Follow my social channels for more clear facts. See the links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/va-loan-san-diego-why-high-debt-isnt-a-deal-killer
