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When
an
individual’s
income
starts
growing
and
they
manage
to
set
aside
some
savings,
they
commonly
experience
what
may
be
considered
an
innate
instinct
of
modern
civilized
mankind.
The
desire
to
spend
money.
Since
North
Americans
have
a
special
love
affair
with
the
automobile,
this
becomes
a
high
priority
item
on
the
shopping
list.
Later,
other
things
will
be
added
and
one
of
those
will
probably
be
a
house.
However,
by
the
time
home
ownership
has
become
more
than
a
distant
and
hopeful
dream,
you
may
have
already
bought
the
car.
It
happens
all
the
time,
sometimes
just
before
you
contact
a
lender
to
get
pre-qualified
for
a
mortgage.
As
part
of
the
interview,
you
may
tell
the
loan
officer
your
price
target.
He
will
ask
about
your
income,
your
savings
and
your
debts,
then
give
you
his
opinion.
"If
only
you
didn’t
have
this
car
payment,"
he
might
begin,
"you
would
certainly
qualify
for
a
home
loan
to
buy
that
house." |
