In this video, San Diego Realtor Kyle Whissel reveals a little-known secret for VA financing-qualified homebuyers.

Discover how you can have the seller pay off your debts to increase your mortgage eligibility and afford your dream home.

Don't miss out on this opportunity; watch now and contact us for a free consultation with our preferred lender to explore your options further.

Did you know when buying a home you can actually get the seller to pay off your debts, things like credit cards, car payments to help you qualify for more money? My name is Kyle Whissel with Whissel Realty Group. In today's video, I want to share with you a little-known secret about buying a home, specifically for those of you that qualify for VA financing. This is for my active duty, veterans, right, all of you that qualify for VA financing. A lot of people don't know this. A lot of realtors won't tell you this, probably 'cause they don't know this themselves, but there's a little opportunity that you have that most buyers don't have, and that is the fact that when buying a home, you can actually ask the seller to pay off your debts for you, which will allow you to qualify for a larger mortgage.

It'll also help you consolidate your debts, too, to where everything is spread out over a 30-year payment as opposed to things like car loans, which might only be three, four, or five years. So you can actually significantly decrease your overall payments. So here's what's cool. Let's run with this for a little bit. Let's assume you're thinking about buying a home here in San Diego. Median price is right around a million dollars right now. So you want to buy that million-dollar home, but you meet with a lender, the lender tells you, "Hey Kyle, unfortunately, you can only qualify for $900,000, so you're not going to be able to get that million dollar home you want." But, if you're working with us, or working with one of our preferred lenders, they're going to go a little bit deeper with you, and we're going to take a look at your entire financial picture and look at what debts do you have on your credit report and figure out if it makes sense to potentially pay some of those debts off. Because here's what people don't think about a lot of times.

Let's assume that you have a car payment on there that is around, let's call it $700 a month. Did you know that if we pay that car payment off or pay that car note off, which wipes out that $700 a month payment that you could actually qualify for roughly $100,000 more in mortgage? Well, guess what, when we look at your credit report, I see this all the time with clients, we look at their credit report and we see like, "Oh, you only owe $10,000 on that car." So if I can just write an offer for you on a property, and I can get a $10,000 credit from the seller, I can now pay off your $10,000 car note, wipe out your $700 a month car payment, and now allow you to afford $100,000 more in purchase power with the same monthly expense. How cool is that? Well, that thing is, you need to work with an agent that understands these kinds of things, and that's what you get when you work with one of the agents here at Whissel Realty Group. So if you want to sit down and have somebody take a look at your particular scenario, figure out if there might be some debts that you have, credit cards, car notes, things like that, that we could pay off to allow you to actually afford the home you really want, give us a call, shoot us a text at the number down below. We'll sit down, we'll do a free consultation with you, with our preferred lender, we'll look at all the things, 'cause we got to look at the whole financial picture, not just the house part of the picture. And that's what you get when you work with us. Give us a call, shoot us a text. I'm Kyle Whissel with Whissel Realty Group.

San Diego Featured Listings

See More Listings

See More Listings