If you have good credit score and some other calculations like;
1: Your PITI should less than 28% of your gross salary.
PITI is principal: Interest: Taxes: Insurance.
2: Your DTI should less than 36% of your gross salary.
DTI contains:
Mortgage, credit card payments, child support and other loan payments
3: Down payment of 20%.
Remember; down payment directly affect your total amount of mortgage.
More the down payment will minimize the interest rate on mortgage.
According to a survey a person can get a mortgage double or even more than double of his salary, so if you are willing to get a mortgage of 1M your salary or income must be;
$1,000,000/2= $500,000
$1,000,000/2.5= $400,000
Hope this will help you, but if you need more information visit;
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