Nancy Guzman is an Expert Realtor for the Metro Denver Colorado area, who can help you decide where to live.  Because, Nancy understands finding your special place means taking in many factors that include accessibility to work, education and recreational activities.  It also includes the size and style of your home, the style of the neighborhood that will make you feel more at home.  All of these factors must come together to make your new Metro Denver Colorado home, feel like home.

For a PERSON that wants a New Home and has GOOD CREDIT*, only EXPERT MORTGAGE LENDERS and EXPERT REALTORS with their Competitive Programs and Rates, will allow You to sleep with confidence while your HOME BUYING TRANSACTION IS BEING COMPLETED.

AN EXAMPLE OF A QUALIFYING WORKSHEET, (CONVENTIONAL) FOR A $90,000.00 HOME

• GROSS MONTHLY INCOME (includes income before any deduction for personal taxes)..................$ 3,000.00

• STANDARD HOUSING RATIO@ 28% (THIS RATIO IS INTENDED AS A GUIDELINE ONLY.)=$ 840.00

• ALLOWABLE OTHER DEBT RATIO@36% (THIS RATIO IS INTENDED AS A GUIDELINE ONLY.)=$ 1,080.00

• ALLOWABLE OTHER MONTHLY RECURRING DEBTS. THIS IS PART OF THE 36% DEBT RATIO. (includes all fixed monthly payments, auto, credit cards, child support, child care, etc.)=$ 350.00

• YOUR REMAINING SPENDABLE INCOME: $ 730.00

NOW THE REST OF THE STORY!

(TO PURCHASE YOUR HOME)

EXPENSES REQUIRED FOR YOUR PURCHASED HOME. (based on your above salary and debts)

• APPROVED MAXIMUM PRINCIPAL AND INTEREST MONTHLY PAYMENT@$ 600.00

• TAXES, INSURANCE, MIP, PMI, AND HOA DUES@$ 130.00

• MAXIMUM MORTGAGE AMOUNT @8.0%

• REQUIRED 10% DOWN ($ 9,000) ON THE $ 90,000.00 PURCHASE PRICE

*HOUSING RATIO OF 28% AND 36% ARE INTENDED AS GUIDELINES ONLY. EACH LENDER AND LOAN PROGRAM HAS QUALIFYING CRITERIA BASED ON VARYING FACTORS AND MAY DIFFER FORM THE INFORMATION SHOWN HERE. THAT'S WHY YOU SHOULD CONTACT YOUR MORTGAGE BROKER FIRST. START WITH THE FINANCIAL FACTS, BEFORE YOU DREAM OF YOUR HOME. THEN YOU CAN ACQUIRE YOUR DREAM HOME!