qualify for a house: What amount can I qualify for?
- 04/19/15 03:14 AM
I have had numerous phone calls this past month where the client is asking the same question, "How much of a house can I qualify for?". It is not rather how much house you can push the limits to qualify for, but rather one critical question, "What is your budget permit for a monthly housing payment"? Creating a budget, knowing what your total expenses to live each month is essential to living. Once you know your budget, the next question is, what is the amount of money you have set aside for a down payment and closing costs? Once this is determined, you can (1 comments)
I am a financing guru.
I have over 14 years of experience in the financing industry.
I have a high closing ratio of loans that I help clients with. This comes from knowing if someone is a candidate right now or if they need to do things to prepare to be a borrow at a later time. If someone doesn't qualify right now, I help that person so they will at some future time so they everyone has hope to improve their circumstances.