Here are five things that everyone should know about NoVa real estate.Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report hereI’ve got a
Can You Get A Mortgage With Debt
Dated: July 29 2015
Hey everyone, I’m here today to answer a question I get asked quite often, “Can I get a mortgage if I have debt?”
The short answer is yes, you can. When you give us a call, we can set you up with one of our trusted lenders, who will measure your debt-to-income ratio to determine if you can afford a home. In general, you should be at a 45% or less debt-to-income ratio.
Another thing that will play into this is how much you have in savings. If you have some money saved up, that's great. The more you can put down on a home, the more likely you are to be pre-approved.
What we want to do is set up an appointment today for you to talk with us and our trusted lender, who will map out all of your options. If you want to set up an appointment, or if you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking with you!
Buyers Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment ....
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