How Much Home Can I Afford? The Truth About Mortgage Prequalification

What Happens When You Get Prequalified?

• We review your income, credit, and debts.
• We estimate how much you can borrow.
• You get a pre-qualification letter, which helps you stand out to sellers.

Key Factors That Affect How Much You Can Afford:

Your Income – Lenders look at your monthly earnings to determine loan eligibility.

Your Debt-to-Income Ratio (DTI) – The percentage of your income that goes toward debt payments. The lower, the better!

Your Down Payment – A higher down payment can lower your monthly mortgage payment.

Your Credit Score – Higher scores often lead to better loan terms.

At Viva Casa Mortgage, we make pre-qualification simple and fast. If you’re thinking about buying a home, let’s find out what you qualify for today!