The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

Chat with The Jim Buff Team

GoSquared Assistant

Chat with The Jim Buff Team

GoSquared Assistant

Hi! Send us a message here and we'll be with you shortly!
Drop files here to upload