Mortgage Loans

[tylaw13]

Hi guys, im 20 years old making about 41k annually ive worked at my job for 2 years and plan on staying for along time. My question is how long should i be app free before applying for a mortgage loan. Im not really sure how much i can afford either. I live in San Diego. My dad is a LO and he'll be doing my loan, i should probably ask him these questions but oh well we barely see eachother because we both work 55+hours a week. So i decided to ask you guys since i havent heard any bad info here.

[indecison]

I would give it at least 6 months with no apps before applying. Can you tell us how much in payments you have on other debts monthly? This would be a huge factor in how much house you can purchase.

[tylaw13]

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indecison wrote:

I would give it at least 6 months with no apps before applying. Can you tell us how much in payments you have on other debts monthly? This would be a huge factor in how much house you can purchase.

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Thanks for the response. i have a $280 car payment and thats about it. besides insurance, i use a company phone so no phone bill and use my CC's for all my purchases and pay them off at the end of the month