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Category Archives: qualifying

Lower payments, afford a larger home, what is the mortgage payment you qualify for? First pay off your other debt.

18-Oct-08

When I am getting my clients approved for a mortgage, the most common question is how much can we afford?  And when I am looking at the debt ratios, I see that credit card payments are eating in to that number.  Along with car payments, student loans, and other debts that financed their toys.
While I [...]

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Can You Afford It?

06-Oct-08

With the new tax credit provided by HERA for first-time homebuyers. It is a great time for the first-time buyers to get in the market. FHA and VA loans are a great options and have guidelines in place that allow for the limited credit profiles of buyers fresh out of school.Now a great idea that [...]

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