Welcome to this weeks edition of Baby Boomer Finance – Know Your Limits

Listen to this weeks Baby Boomers Finance episode:

Or

Read this weeks Baby Boomers Finance episode:

This is your host, Denise Boomer and Dr. Bee Boomer, welcoming you to this weeks edition of the Baby Boomer Finance on PodcastForBoomers.com.

This week we are talking about Know Your Limits.

Have you ever gone to a auction and gotten carried away with the bidding? Happens a lot for instance on eBay.

Well if you are bidding in a home auction, not knowing your limits could lead to a disaster. So some home auctions are now making lenders available before the auction to preapprove you. A preapproval is when not only is your credit rating checked but also your financial documents. This way the potential loan is solid. You now know how much you can bid for the property.

If you are bidding on a property play it safe and have your financial resources in line and know your limits before the bidding starts.

Thanks for listening.
Remember your comments are always welcome.
Stay active!
Until the next time, this is your host Dr. Bee Boomer and Denise Boomer saying good bye!