Friday, November 11, 2011

Your Questions About How Much Mortgages

Mandy asks…Is there a way to find out how much mortgage I can qualify for without running a credit report?I know my credit score with all three bureaus. But if I have a bank run the report before I'm ready, my score will drop.admin answers:Figure your debt/income ratio

A) Monthly mortgage payment (including principal, interest, taxes, insurance PMI, homeowner assessments etc). You will need loan amortization software, excel or a financial calculator.

B) All other monthly loan payments

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