Amador,
As a mortgage banker processing loans we include the entire cost of housing. The typical customer who gets a $1500 a month mortgage, should include principal and interest, hazard insurance, real estate taxes, mortgage insurance and home owners association dues into their monthly payment and corresponding budget. When you look at it that way, its more realistic and you can get around $150K to $160K loan. Buying a home is a very important decision and theres no need to guess costs. I can give you a Good FaithEstimate based on your particular situation and the home you are buying. I live in Wellington, so call me anytime if you need help.
Frank Olguin
Mortgage Banker
AmericaHomeKey Inc.
500 W. Cypress Creek Rd, Suite 330
Fort Lauderdale, FL. 33309
Folguin@americahomekey.com
Hablo Espanol
office 954-771-7715 x104
cell 561-386-9731
pfax 954-379-4469
Florida Mortgage Lender
No. ML0700325 - Sat Jul 25 2009, 18:48