BUY
Avoiding costly buying mistakes!

Here are some tips about buying a home to save time, money and trouble:
KNOW YOUR DEBT
Any lender will look at your income and your existing debt when evaluating your application. Lenders use two ratios as guidelines:
Housing Expense Ratio.Your monthly PITI payment (Principal, Interest, Taxes and Insurance) shouldn’t exceed 28% of your monthly gross income.
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Debt to Income Ratio. Your long-term debt should not exceed 36% of your monthly gross income. (Consider any debt that will take more than 10 months to pay off – mortgages, student loans, alimony, car loans, credit cards and child support).