Use my free Mortgage Affordability Calculator >>Most borrowers will be able to qualify for up to 43% of their gross income.
Say you make $10,000 per month - You should be able to qualify for about $4,300 in total debts as listed on your credit report and including your new home loan.
Let's say you have the following debts:
$500/mo ..... Car Payment
$200/mo ..... Student Loan
$100/mo ..... Credit Card
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$3,500/mo Max House Payment
There are several other factors, however, which may limit how much you can qualify for such as deferred student loans, child support, notes due within 12 months, etc.
The best way to know exactly how much you can qualify for is to...
CALL me today at (801) 901-8490
In about 10 minutes I can show you what loans work best for your short and long-term goals and help you evaluate the difference between what you can "afford" and what you can "qualify" for.
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