For most of us, especially first time home buyers, we want to know “How much home can I afford?” While this process seems daunting, it comes down to simple math.
Call me or email me at firstname.lastname@example.org for a quick calculation.
The factors that we consider in this calculation are annual income, existing debt payments, proposed property taxes and hazard insurance, down payment ( if any), interest rate and proposed term of loan.
The first step toward securing your loan is getting pre-approved. This involves a pre-qualification process, where we assess your financial situation and determine how much you qualify for. Once this is complete, we work together to submit a completed loan application to the lender for approval.
This process seems like a hassle but it is actually quick and painless.
“Mortgage Monster … or Mortgage Mastermind?”
Cornerstone Home Lending, Inc. Branch NMLS # 1224262
Todd McManigal 505-918-1028 NMLS # 267557