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MF Lending Max Budget Worksheet
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Instructions to complete the worksheet and find your max budget:
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Step 1200000
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Step 2List your monthly debt payments as shown on your credit report; I have provided a link to get a free copy of your credit report (1 time per year for free)
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Step 3Select your desired down payment [from dropdown]
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Step 4Select the average interest rate today from dropdown - see estimator from Bankrate [link provided]
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Step 5Select the appropriate estimate for homeowners insurance [estimates provided]
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One those Steps are completed, you can see you’re the max purchase price you can qualify for!
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Please note - this is not a credit approval or guarentee you will qualify. Nuwave must review a full application and credit package prior to approval. This is merely a tool for buyers to begin to build a budget
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*Steadfast Mortgage rates may be higher or lower based on borrower credit score and other factors. Please contact me for a custom quote - 615.969.6889 or michael@steadfastmortgage.com
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