I suggest you contact a lender in order to confirm what rumors or trueths you hear on this site. It could be much more than your simple debt to income ratio. If you are looking for a lender that will place your needs above anyone else feel free to contact me directly I will make sure your squared away. Cheers, to your success!!!!
Keller Williams Realty
Real Estate Consultant/ 3xUS Army Vet
The common debt and income ratio is about 40-45 max. so you can defintely purchase a home.
I can email you my lender's information. She can pre-approve you and this way you know how much you can spend on your new home.
You really need to speak with an experienced lender or broker and have them run your numbers. From there they can tell you what they say you can afford and then you can decide if you are also comfortable with amount. Remember you don't have to buy at the top of your approval range... it's no fun being house poor.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
firstname.lastname@example.org | http://www.AustinListed.com
Realtor/ABR/SFR/Investor/Licensed HVAC Contractor/Licensed Manufactured Home Retailer
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Licensed Mortgage Loan Officer
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