What Being A Debt Collector Taught Me About Buying A Home

"When you start looking for a home to buy, it is always good practice to get pre-approved for a loan. This will help you understand how much home you can buy.... What banks didn’t used to tell you is that the pre-approval amount is what you can afford at your top end. This means that you won’t even be able to afford food, pay for utilities, drive a car, or anything else. It is the absolute maximum that you can even afford. It was a terrible model." - Vosa.com

---- [Great photo of Mr. Monopoly Money Bags by aisletwentytwo]