If I Make $190,000 A Year What Mortgage Can I Afford? You can afford a $770,000 home with a mortgage of $731,500. This assumes a 5% down conventional loan, low debts, good credit, a 7% rate, and a total debt-to-income ratio of 45%. Many factors can influence your maximum mortgage, like property taxes, homeowner’s insurance, […]
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If I Make $180,000 A Year What Mortgage Can I Afford? You can afford a $725,000 home with a mortgage of $688,750. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Many factors can influence your maximum mortgage, like property taxes,
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If I Make $170,000 A Year What Mortgage Can I Afford? You can afford a $680,000 home with a mortgage of $646,000. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Many factors can influence your maximum mortgage, like property taxes,
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If I Make $160,000 A Year What Mortgage Can I Afford? You can afford a $635,000 home with a mortgage of $603,000. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Keep in mind that many factors can influence this number
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If I Make $150,000 A Year What Mortgage Can I Afford? You can afford a home price up to $590,000 with a mortgage of $560,500. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Keep in mind that many factors can
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If I Make $140,000 A Year What Mortgage Can I Afford? You can afford a home price up to $560,000 with a mortgage of $532,000. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Keep in mind that many factors can
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If I Make $200,000 A Year What Mortgage Can I Afford? You can afford a home up to $800,000 with a mortgage of $760,000. This assumes a 5% down conventional loan, low debts, good credit, and a rate of 7%, and a total debt-to-income ratio of 45%. Keep in mind that many factors can influence
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If you’re buying a home that has peeling paint anywhere on the structure, you may need to get it repaired whether or not you want to waive this requirement. It all depends on when the home was built. Peeling paint repair requirement for pre-1978 homes: Can’t be waived Peeling paint must be repaired if the
Can You Waive the FHA Peeling Paint Repair Requirement? Read More »
What are $100 down HUD homes? The Department of Housing and Urban Development, better known as HUD, offers its foreclosed homes for just $100 down. Why? When someone gets an FHA loan, but doesn’t make the payment, HUD must foreclose on the property. HUD does not want to hold onto these homes. HUD’s top goal
HUD Homes $100 Down: Is This Program For Real? Read More »
When your mortgage lender reviews your loan application, it looks for current and previous address information. Your credit report, bank statements, and other documents may show addresses that don’t match the rest of the file. Your lender will ask for a letter of explanation for any address discrepancy. Downloadable sample mortgage letter of explanation for
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