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You need more than just a place to live, we help you with a place to grow.
Debt are the bills that go away. As opposed to expenses that come periodically.
HOW MUCH HOUSE CAN YOU BUY?
To figure how much house you can buy, mortgage lenders calculate it this way:
1. Take your Monthly Gross Income and divide it by two.
This number is the amount of money you have available to cover all your debt including your new mortgage payment.
We use this to calculate your DTI: Your Debt - To - Income Ratio
This is the amount of your income that lenders allow you to maximize for debt payments.
Think about it, that leaves the other 50% for tithes, Uncle Sam, utilities/ expenses, transportation, savings and investments, ... vices, travel available for maxes at 50% for some programs, 43% and 46% for others
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