| Gross Monthly Income: |
This should include any and all incomes: Salaries, Rental income, Monthly average bonus |
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| Amount Available For Down Payment: |
This should be the maximum that you would like to put down and/or have available. If selling a home take approximate selling value, subtract sale expenses (estimated commissions, closing fees etc.), take result and subtract existing loan balance, this should give you an approximate equity value of your existing home.(example $100,000 Home - $7,000 (estimated sale expenses)= $94,000 - $70,000 (Loan Balance) = $24,000 in Equity) |
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| Gross Montly Liabilities: |
This SHOULD include any monthly liabilities such as credit cards, student loans, car payments, rental property mortgages, etc. This SHOULD NOT inlcude a mortgage payment on a home that you intend to sell, utility payments, food and car expenses or any other misc expenses. |
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| Desired Monthly Payment: |
Optional, leave this number blank to see what our calculation approximates, then put in your desired payment to see what your desired payment would approximately qualify you for. |
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