Ok, so I'm working on saving for a mortgage and trying to have a real idea of what I might be loaned ... I make 60,500 per year and have a total debt load of $525 (excluding things that will be paid off in next 3 mos).
In doing the ratios, do banks use NET pay or GROSS pay ?
As an aside, I did a Countrywide calculator adn they told me they'd lend UP TO a HUGE 30,000 for 30 years. ?????? Now I'm pretty sure I qualify for a BIT more than that !!
My scores are TU 655/EXP 671/ EQ 683. Edited to add: as an aside, I'm waiting on some large payments to show up ... everone is S-L-O-W in reporting the last 2-3 mos... the FICO sims suggest when those things post, I might get another 20-50 pts on TU ...
I am looking in the less than 160,000 category and will come heck or high water have 3% down ...
Thoughts/Advice/ appreciated.!!
Message Edited by ct99 on
04-03-2008 09:47 AM
