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Tag 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 [...]