Pam Thorn - NMLS #1629149

09/30/2026

Your car dealer probably won’t tell you this, but a new car payment can absolutely STOP 🛑 you from buying a house, or seriously reduce the loan amount you qualify for.

And please, please do not buy or lease a car while you’re under contract on a house without talking to your lender first. That new payment could turn your mortgage approval into a very awkward phone call. 😬

The correct order is:

🏠 HOUSE first.
🚗 CAR second.

The dealership isn’t worried about your future house payment. But your mortgage lender is definitely going to count that new car payment when calculating how much home you can afford.

Thinking about buying a house AND a car? Let’s run the numbers first. You may be able to do both, but the order matters.

Know your buying power before you hit the dealership. 😉

𝙋𝙖𝙢 𝙏𝙝𝙤𝙧𝙣
📲972-977-7640
𝙉𝙈𝙇𝙎1629149
𝙏𝙝𝙤𝙧𝙣𝙃𝙤𝙢𝙚𝙇𝙤𝙖𝙣𝙨.𝙘𝙤𝙢

08/31/2026

Another week, another set of tame inflation (July PCE) and modest job growth (ADP weekly) reports. Despite this, several Fed members are saying it's time to raise rates. Question: How exactly would raising the Fed Funds Rate bring oil prices down?

National news and local views for the week

12/20/2025

70% of Americans think you need at least 10% down to buy a home. That belief is keeping a LOT of people stuck renting. What’s the actual truth?🧐

𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐥𝐨𝐚𝐧𝐬
You do NOT need 20% down! Many conventional loans allow as little as 3% down for first time buyers. Yes, PMI may apply, but it is often way less costly than people assume and it can be removed later. Waiting years to save up for a 20% down paying usually costs more than PMI ever will.

𝐅𝐇𝐀 𝐥𝐨𝐚𝐧𝐬
FHA requires just 3.5% down and is very forgiving on credit and debt to income ratios.This is a great option for buyers who have decent income but are still rebuilding credit or do not want to drain their savings to buy.

𝐕𝐀 𝐥𝐨𝐚𝐧𝐬
For veterans and active duty service members, this is often the best option. 0% down. No monthly mortgage insurance. Competitive rates.

𝐁𝐨𝐭𝐭𝐨𝐦 𝐥𝐢𝐧𝐞: the biggest barrier to homeownership for most people is misinformation, not money 💰 . If you are waiting to buy because you think you need a large down payment, let’s talk. 📲You might be closer than you think.

𝙋𝙖𝙢 𝙏𝙝𝙤𝙧𝙣
📲972-977-7640
𝙉𝙈𝙇𝙎 #1629149
𝙏𝙝𝙤𝙧𝙣𝙃𝙤𝙢𝙚𝙇𝙤𝙖𝙣𝙨.𝙘𝙤𝙢
𝘾𝙈𝙂 𝙃𝙤𝙢𝙚 𝙇𝙤𝙖𝙣𝙨 #1820

12/06/2025