How Much Can You Borrow?

How much you can borrow will depend on your income, down payment, job stability, existing debts, credit references and payment history. Lenders usually use the following two qualifying guidelines to decide how much of a loan you can manage:

• Your monthly housing expenses - mortgage payment, property taxes, insurance, etc. These expenses should be no more than 28 percent of your monthly gross income.
  
• Your monthly living expenses and any long-term debts - utilities, car and school loan, child support, health and car insurance, etc. These expenses should be no more than 36 percent of your monthly gross income.

Ken Scheider
Licensed Broker, Owner

(850) 510-5192

scheider13@yahoo.com

"Thank you to our amazing realtor, Ken Scheider for making it all possible! If you are looking for a realtor that truly has your best interest at heart, Navigation Realty is for you! I know it's cheeseball, but it's true. Ken really does care! We can't say thank you enough for being there with us every step of the way!"

-Amber S.