Determine how much you can afford

Get pre-qualified

A pre-qualification is an estimate of how much of a mortgage payment you can afford. It will help you zero in on homes that are in your price-range before you start shopping.

During the prequalification process, a FutureNet Mortgage Advisor analyzes your financial situation by looking at your income and debt ratios, and provides an estimate of how large a mortgage you can afford. They do this by running your preliminary financial information through two qualifying tests:

Income	Expenses
Lenders usually require that you spend no more than 28% of your gross income on your mortgage, taxes and insurance to assure your ability to meet your monthly mortgage payments.	Lenders will review your regular monthly payments, like credit cards and loans, to assure your overall debt, including mortgage payments, is no more than 36% of your total income. You can be turned down if your total monthly debt is too high.

Use the How Much Can I Afford Calculator to get learn how much you'll be able to borrow.

Learn about the value of obtaining pre-approval.

You can get a FREE, no obligation pre-qualification today, and one of our Mortgage Advisors will provide an estimate of the maximum mortgage amount for which you may qualify. Because FutureNet works with multiple lenders and loan programs, we can find a loan scenario that works for everyone. Call us today at 724-745-7639 or complete our online FREE, No Obligation Pre-Approval application.