What Factors Go Into Determining the Qualifying Amount for a Home Loan

Nicole Lee Advice Leave a Comment

This is pretty easy. Using your gross monthly income, current monthly credit obligations and prevailing interest rates, a loan officer can provide you with an approximate loan amount. Loan officers perform such pre-qualifications on a routine basis and are really good at it. And while it might seem a bit mystical at first, it’s nothing more than a step by …