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2. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   For example, if your gross income is $6,000 per month, your mortgage payment should be no more than $1,680 (28 percent of $6,000), and your total debt payments (including the mortgage) should max ...

3. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]

4. What percentage of your income should go to a mortgage? - AOL

   www.aol.com/finance/percentage-income-mortgage...

   “The 28 percent rule is a traditional mortgage lending guideline stating that a homebuyer’s monthly mortgage payment shouldn’t exceed 28 percent of their gross monthly income.

5. Pre-qualification - Wikipedia

   en.wikipedia.org/wiki/Pre-qualification

   In a mortgage context, pre-qualification denotes a process that has not yet been underwritten by the lending institution. Typically, subprime lenders will allow 50% DTI. . Common monthly debts used for calculating DTI are mortgage (or new mortgage payment), auto payment(s), minimum credit card payment(s), student loans, and any other common monthly or revolving debt that is on the applicant's ...

6. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

7. How to get a mortgage when you’re self-employed - AOL

   www.aol.com/finance/mortgage-self-employed...

   If your self-employment income is insufficient to qualify for a mortgage, having a co-signer or a co-borrower can help you qualify for a mortgage or even a larger loan amount. Having either a co ...