CLICK HERE TO GET PRE-APPROVED FOR YOUR MORTGAGE LOAN

Get pre-approved by one of the most reputable names in mortgage financing "Prime Lending." Your on-line appliaction will be review, and responded to in a short, timely manner.

If you have questions or would prefer to get pre-qualified by phone,

call Ray Miranda at 619-846-4492.

How Much House Can I Afford?

Deciding how much house you can afford is a personal decision. This is a question you will want to get answered before you begin your home search.

Many factors come into play when qualifing for a mortgage loan. How much can I borrow? How much can I or do I need put towards my down payment? What size monthly payment can I afford?

There are no black and white answers to these questions. Its a matter of give and take. If you plan on a 30 year mortgage, you can probably make a lower down payment. If, on the other hand, you plan on a 15 year mortgage, you'll can almost cut the amount of years paid on that mortgage in half.

How large a down payment can I make?

Many buyers look at their cash on hand as their only source for their down payment. This simply is not the case. One way to fund or partially fund a down payment is by using a gift. Parents, grandparents and other family members are often eager to help by making a cash gift toward the purchase of your home.

There are also down payment assistance charities that can help you. HUD currently has a down payment option of $100. (yes, $100) in California, and other selected states. And, of course there is the VA loan, at 100% financing.

But these are not your only options. We can help you explore all your down payment options.

What Monthly Payment Can I Afford?

When determining what size monthly payment you can afford, you'll want to consider what other monthly expenses you have. Tangible expenses such as car payments, day care and utility bills, all play a role in how large a monthly payment you can afford.

There are also the intangible expenses or lifestyle expenses that you'll want to consider. Things such as dining out, travel and when you buy your next car can effect how much you can afford. Are you willing to delay some of these expenses in order to afford a larger monthly payment? Afterall, you want to be able to have some fun and not be binded down by a mortgage.

How Much Can I Borrow?

This is something that we are here to help you with. Our mortgage calculators will help you see how your down payment, monthly payment and the amount you borrow are all interrelated.

We can answer any questions you may have about the mortgage process. But the best way we can help is by getting you pre-qualified for a mortgage loan. To get started, simply complete the form below to let us know a good time to contact you. We look

CLICK HERE TO GET PRE-APPROVED FOR YOUR MORTGAGE LOAN