Financing in Lake Isabella>Question Details

Lisa Crafton, Home Buyer in Lake Isabella, CA

When applying for a loan how do I know how much to apply for? I figured what I could afford & put 20% of that away,my credit union is 3%.

Asked by Lisa Crafton, Lake Isabella, CA Thu Aug 9, 2012

Using a mortgage calculator I came up with $45,000.00 ,before the down,that would be doable but tight every month so I'm looking for something more in the $35,000.00 range. I don't want to ask for too little andI also don't want to ask for too much and not qualify.

Help the community by answering this question:


The Mortgage Company will tell you how much you could qualify for, MAX.
They will review your documents and give the maximum that you qualify for;
Then you will decide if you are comfortable with that monthly payment and total debt.

Then you tell your Realtor the price range you want to look at;
and your Realtor finds possibles for you.
0 votes Thank Flag Link Thu Aug 9, 2012
Hi Lisa,

Please see attached document. I can do a pre-qualification or Pre-approval for you.…

NMLS 327086
0 votes Thank Flag Link Thu Aug 9, 2012
You may want to ask the lender what they will lend you and use their answer to guide your property search.
0 votes Thank Flag Link Thu Aug 9, 2012
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