Prequalification Form

The salary used to qualify for a mortgage should meet the following criteria:

The sum of the monthly mortgage and monthly tax payments can be no greater than 28% of your monthly salary.
the sum of the monthly mortgage, monthly tax and other monthly debt payments can be no greater than 36% of your monthly salary.

These are general guidelines. Different lenders have different criteria and different programs. These numbers can vary depending the loan program for which you may qualify.

Desired
Mortgage Mortgage Amount

Years of
Mortgage Mortgage term in years

Yearly
Mortgage Rate (%) Interest Percentage of Mortgage

Yearly Property
Taxes Property Taxes on your new Home

Other Debt. Other Yearly Debt
(School, Car, ...)

Summary

Mortgage
Payments Total
Payments Required
Salary

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Send E-mail to ams@advancedmtg.com