Get Pre-Approved Most mortgage lenders take the guesswork out of applying for a loan by figuring out for you the amount you can afford to borrow. Then, they give you a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income. Mortgage pre-approval establishes your price range and […]
How Much Do I Qualify For? When buying a home, it is helpful to determine the type of home you’ll like and how much you can afford before beginning your search. Monthly housing costs shouldn’t be more than 32% of your gross monthly income. Housing costs include your monthly mortgage payments (principal and interest), property […]
Getting That Perfect Mortgage For most first-time home buyers, shopping around for that “perfect” mortgage can be a daunting and complicated task. Just as if you were to take your time purchasing a car or new large screen television, obtaining a mortgage loan takes patience and research so that you receive the best possible deal […]