Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.

1. Your gross (before taxes) monthly salary should be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
2. Your gross (before taxes) monthly salary should be greater than 36% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.

Loan Calculators are tools designed to help you. However, I can help you know exactly what you qualify for. Please call me so that I can be of service to you.