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 THIS IS STEP ONE OF THE HOME BUYING PROCESS.

NOW THAT YOU HAVE DOWNLOADED THE DOCUMENTS FROM THE PREVIOUS STEP AND HAVE AN IDEA OF WHAT TO EXPECT.....

PLAY WITH THE CALCULATOR BELOW TO GET AN IDEA OF HOW THE #S WORK THEN CALL ANY LENDER OF YOUR CHOICE TO GET PREQUALIFIED. SOME SUGGESTIONS HAVE BEEN PROVIDED AT THE BOTTOM OF  THE PREVIOUS PAGE.

THE PREQUALIFICATION IS A REQUIREMENT WHEN SUBMITTING AN OFFER ON A HOME YOU WILL FIND IN STEP 3, UNLESS YOU ARE PAYING ALL CASH.

YOU NEED TO KNOW IF YOU CAN AFFORD A HOME BEFORE YOU WASTE YOUR TIME AND GAS LOOKING AT HOMES THAT MAY NOT MEET YOUR FINANCIAL REQUIREMENTS OR PERHAPS YOU WILL FALL IN LOVE WITH SOMETHING YOU CAN NOT AFFORD.

WHILE YOU ARE WAITING FOR YOUR PREQUALIFICATION, MOVE ON TO STEP 2 TO START RESEARCHING YOUR PREFERRED COMMUNITY.

 STEP TWO

STEP THREE

 

While you are waiting for your prqualificaion from your lender, Click the Icon below to search school grades, crime statistics, housing trends and other demographic information on your dream neighborhood. 

 CLICK HERE NEXT

 IF YOU HAVE NOT BEEN PREQUALIFIED, WE DO NOT SUGGEST YOU TEASE YOURSELF LOOKING FOR A HOME. BUT.... IF YOU JUST CAN'T RESIST, CLICK ON THE ICON BELOW TO START LOOKIG AROUND AT HOMES ON THE MARKET.

Search Homes Here

Search Homes Here

 


Calculators

Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.


Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %