Years ago, it was fairly easy to determine if you qualified for a certain mortgage amount. You simply plugged your monthly income and debt payments into a standardized "debt-to-income ratio" formula and you could instantly calculate the maximum loan amount for which you could qualify.
But today, with automated underwriting, that old formula is practically meaningless. The computer programs now analyze many additional factors -- especially your credit rating -- to determine your maximum loan amount.
That's why we don't offer a simple online calculator for you to try to determine whether you can qualify for a certain loan amount. That's a job for a professional mortgage consultant. Each person is unique, and it's impossible to give you an accurate loan qualification estimate without completely analyzing your individual financial situation. If you have excellent credit, you may be able to qualify for a MUCH larger mortgage than you ever imagined!
If you want to know if you can afford that dream house, please call us at
We will be happy to give you a FREE, No Obligation, Loan Pre-Qualification Analysis based on your personal income and credit.
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