Before searching for a new home, Browse Lenders™ to know exactly what you can afford.
Do You Need Financing Options for Homes or another type of Real Estate? Selecting a mortgage product ideal for attaining your goals while ensuring you get the best rate for your unique scenario can be challenging.
Our process educates while explaining differences between various Adjustable and Fixed Loan Programs. This proactive approach allows you to select the ideal Adjustable or Fixed Rate Home Loan Program for the first-time home buyer or seasoned investor.
To qualify for a home mortgage, lenders usually require you to have a “28/36” debt-to-income ratio. This means that less than 28% of your total monthly income (from all sources, excluding taxes) goes to your home, and less than 36% of your monthly income goes to your total monthly debt (including mortgage payments). Some Lenders have discretion to go much higher than 36% for a back end ratio.