Identity theft is one
of the fastest growing crimes in the US today.
Identity thieves have developed a number of ways
to get your information - from the theft of your
purse to more elaborate internet-based scams. Once
they have your social security number, thieves can
establish credit in your name & incur hundreds or
even thousands of dollars in credit charges or
fraudulent loans. You may be unaware of these
charges until a collector seeks payment for the
bill you knew nothing about. Or you could be
denied a loan due to your credit report showing
defaults that were not yours.
You may not be able to
guard against all ways identity thieves can steal
your identity, but you can arm yourself with
protection that gives you the resources you need
to restore your good name and financial history in
the event of identity theft. Adding identity
theft to your homeowners policy is easy &
relatively inexpensive. Contact your insurance
agent today for details.
Mortgage
Qualification Calculator
Help
Mortgage Information
Calculator
Instructions
This
estimator will calculate the household income required to qualify for
a mortgage under a specific set of circumstances. You provide the amount
financed, the number of years to finance, the interest rate, property
taxes, and your current debt load, and the estimator will return the
monthly mortgage payment, your total monthly debt payments, and the
annual household income that most lenders would require to approve the
mortgage loan.
The calculations in this estimator are based on current requirements
for a fixed rate conventional loan with a 5% down payment.
Mortgage Ratio : monthly household income must be
greater than 28% of the sum of the monthly mortgage payments and monthly
tax payments.
Debt Ratio : monthly household income must be greater
than 36% of the sum of the mortgage, tax and other debt payments.
This estimator is believed to be accurate but is only intended to generate
approximate results. Rates vary or may change and exceptions are made
by lenders in specific instances.
Enter numbers only. Do not enter "$", "," or "%"
characters. (Example: For a $100,000 home, enter 100000)
