Sioux Falls, South Dakota 57108, United States
how much mortgage might i be qualified?
Most lenders base their Home Loan Qualification on both your total monthly gross income and your monthly expenses. These monthly expenses include property taxes, private mortgage insurance (PMI), association dues, insurance, and credit card payments.
The difference between a pre-qualification and a pre-approval is that the pre-qualifcation is often times faster than a pre-approval. It is less comprehensive, with less detailed information required in the process. Neither guarantees loan approval. Talk with your local mortgage lender for more information.
NOTE: THIS CALCULATOR SHOULD BE USED FOR CALCULATION PURPOSES ONLY.