How to Qualify for a Mortgage

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 Buying a new home can be a confusing and expensive ordeal. 

It is the biggest investment most people will make, and also so much more than that. It is where you call home.  Where your kids grow up. It’s the place that anchors your life.   It’s important, and emotional. And expensive. Go carefully.  I have prepared the the guide on the right to help you understand how to navigate the process. If you need any help or have questions, please contact me at anytime.  (940) 784-3181

 How much money will I need?

What do I need to qualify for a mortgage?

What about my credit?     Don’t worry, we can work with all kinds of credit scores. Call to discuss.(See Credit info)

Should I get a 15 year or 30 year mortgage?

What will my monthly payment be?  This calculator will tell you how much the monthly payment is, but  not if you really afford the house. That is below.

Calculate Payment

But what you really need to know is, What can I afford? A good rule to go by is your payment should not exceed 25% of your income, although lenders will let you go higher. But just because you can does not mean its a good idea. In addition, lenders recommend that your mortgage, property taxes, insurance and all other monthly obligations not exceed 36 percent of your gross monthly income.

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