There is more to determining your eligibility than just your income and your credit score Moverx110.My best suggestion is to spend some time with a loan officer. There should be no charge for this consultation. The first consultation will show you what factors and other debts impact your affordability. Down Payment, other debts, the type of property, loan type, and payments for taxes and several other things really make it important to meet with a qualified mortgage professional (and yes, I am one...but not the only one). I would also recommend that you take homebuyers education to become more familiar with the key factors in lending such as your debt-to-income ratio.Here's a site for free homebuyer's education that I can recommend.www.MgicHome.comHappy to help...Reisterstown is within my territory too. Thanks - Ron
You need to have the lender that you choose check your credit and see what your debt load is comparative to your income. Also the loan amount will depend on the type of property that you decide to purchase. If it is a condo, you may have association dues that will have to be used in qualifying you for a mortgage.
It depends on your other debts and the property you are purchasing. email me for further assistance
That will depend on what other minimum payments you show on your credit report. I would contact a local loan officer and have them review your credit with you so you can get an accurate amount. Best to do this prior to looking anyways. Best wishes, Sean
$250,000 to $300,000 depending on your other debt obligations.Calvanaugh Hoskins 443 660 9903.
Call Calvanaugh Hoskins 443 660 9903.
It depends on your other debt, taxes on the new property, homeowners insurance, mortgage insurance, and association fees. Could be anywhere from $200,000 to $300,000.
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