The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.
Receive the most current information for properties meeting your criteria right in your inbox.
Listings Report – Subscribers receive daily alerts for new, sold, and current listing matching their criteria.
Open Homes Report – Subscribers receive weekly open home listings for properties matching their criteria.
Market Report – Subscribers receive monthly market stats and trends.