preapproval: Albuquerque Home Buyer Tips : Consult with Lender and Get Pre-Approved
- 04/20/10 05:56 AM
Albuquerque home buyers have many great lending options. Before you start shopping for your home in beautiful New Mexico, make sure to consult with a lender or mortgage broker to find out what you are pre-approved or pre-qualified for. An estimated loan amount will help you determine how much of a home you can afford. A safe parameter to go by is to multiply your gross monthly income by .28 (just over 1/4 of what you earn per month before taxes and other deductions are taken out). A lender will also look at your monthly debt payments and figure that … (0 comments)
Albuquerque home buyers have many great lending options. Before you start shopping for your home in beautiful New Mexico, make sure to consult with a lender or mortgage broker to find out what you are pre-approved or pre-qualified for. ;)
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