Pre-Qualification

Use our mortgage calculator to calculate your payment Add your calculated payment plus your monthly real esate taxes and monthly insurance This will be your monthly nortgage payment. Next, we need to add credit card debt Look at your current credit card statement to find the MINIMUM payment due Finally, we need to add car loans and other loans Usually, most of these loans have the same payment every month. Add this figure to your monthly mortgage payment and minimum credit card payments. Now, we need to know you qualifying income If your income is the same every payperiod, simply convert it to a monthly amout. If it varies, you will need to divide your W-2 by 12 to get monthly income. If that figure doesn't represent what you are currently earning, it is best to call call us and we will quickly calculate your monthly income for you. Always check with us to calculate self-employed or 1099 income. Seeing if you Qualify! Take the total of your proposed monthly mortgage payment plus your monthly credit card payments plus other monthly payments and divide the total by your monthly income. If the figure is .45 or less, you qualify. If it is higher than that, call us. We may be able to make things work with an even higher percentage of debt or we may find an alternative way to calculate your income.