This formula is only a guide and not to be construed as actual lending calculations.Contact your loan officer to determine more accurately what price range you should consider.
Lenders abide by certain ratios when calculating the loan amount their customers can qualify for and the ratios vary by lender and loan program. Many use 28% of your gross monthly income as the maximum allowed for your mortgage payment (principal/interest/taxes/insurance or PITI); for your total monthly debt, the ratio is 36%.
Total monthly expenses means PITI plus long-term debt (such as auto loans) and revolving/credit-card debt. Do not include other expenses such as groceries, utilities, clothing, tuition, etc., to calculate this ratio.
Author:Keith Judish Phone: 623-224-7956 Dated: January 17th 2019 Views: 233 About Keith: O'Keith Judish licensed REALTOR® with Realty ONE Group serving the West Valley and Phoenix Metrople...
View our latest blog posts in your RSS reader. Click here to access.
O'Keith Judish licensed REALTOR® with Realty ONE Group serving the West Valley and Phoenix Metroplex.
We use advanced search technology for our buyers in which allows them to be alerted immediately when a home hits the market. These tools help the sellers sell their home faster and buyers get the home of their Dreams in this competitive market.
O'Keith began his real estate career in 2009 using web marketing as his direct source for customer relations. As the internet has taken off, so has real estate. Today 95% of all customers begin their home search using the internet. Having someone like O'Keith with his knowledge of technology is helpful to a client, both locally and abroad, in finding a home in the Phoenix area.
He has provided online video tours to his clients that are out of state and in other countries, which made their home buying purchase a breeze. We use the latest technology that is consistently being updated by the MLS for the latest listings, so the client will never miss out!
If you are looking to purchase a home in the Greater Phoenix Real Estate market please contact us to get the process started today.
If you or anyone you know is looking to buy a home, I WILL PAY THEIR 1
"Mr. O'Keith Judish, was extremely helpful in assisting my family in our search for rental property in Surprise AZ. We are relocating and were not able to be there to physically view homes. He went above and beyond our expectations. We ran into problems and he was able to come up with solutions on our behalf. We look forward to continuing business with O'Keith and we highly recommend him to anyone."