Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
The best thing to do is get a consultation with a mortgage professional and let him/her review your financial situation. Once he/she determines what price level you can consider, take a look at what is available at that price point.
If you don't qualify for a mortgage at this time the loan officer or mortgage broker will give you a road map to what your next steps should be to secure a loan.
Best of luck,
I would be more than happy to discuss with you different loan products and their requirements for the debt-to-income ratio.
Please fee free to contact me at your earliest convenience.
Lic. Mortgage Specialist
NMLS# 299 244
If you do qualify and are ready to go out and take a look at some of the great properties out there please give me a call and I will be happy to assist you with finding a great new home for you and your family.
I am a full time top producing Realtor here in Fort Lauderdale.
Check out my website at http://www.FortLauderdaleHomes4U.net
Ryan Hanrahan, PA
Christopher White Group
That said; balancing the Interest rates vs. the better financial situation for you, can be daunting.
Some Lenders/Mortgage brokers will charge an application fee for a loan. Some will just change is small fee to run your credit. They can advise you if you qualify and how much you qualify for.
After hearing that; you may wait, or you may move ahead.
Good luck and may God bless