Tuesday September 7, 2010

Mortgage Pre-Qualification Calculator: How Much Can I Afford?

Step # 1:  Monthly Income

Gross Monthly Income for Primary Borrower *required*
Gross Monthly Income for Co-Borrower(s)
Gross Monthly Income Other
(i.e., net rental income)
Total Gross Monthly Income

Step # 2:  Monthly Liabilities

Auto Payments
Student Loans
Credit Cards
Department Store Cards
Net Rental Loss (Rental Properties)
Child Support/Alimony
Total Monthly Liabilities

Step # 3:   What I Can Afford ...
Show me what mortgage payment I can qualify for!


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