leftDebt to Income Ratio

 

AzTex Mortgage will utilize your debt to income ratio as a simply way of determining how much money is available for your monthly mortgage payment after all your other recurring debt obligations are met.  The next step is to be pre-approved.  Please complete the on-line application by clicking here.  This will begin the process.


Debt limit

Lenders review the debts and determine the level of risk associated with each loan.  There is generally a debt limit associated with each type of loan, such as a 28/36 qualifying ratio for a conventional loan. However, these qualifying ratios are guidelines. At AzTex Mortgage, we understand an excellent credit history can help you qualify for a mortgage loan even if your debt load is over and above the limit. 

 

Understanding the qualifying ratio

Typically conventional loans have a qualifying ratio of 28/36. Usually an FHA loan will allow for a higher debt load, reflected in a higher (29/41) qualifying ratio.

 

Simply guidelines

Remember these are just guidelines. Our mortgage professionals at AzTex Mortgage will be happy to pre-qualify you to determine how large a mortgage loan you can afford. 

 

 

We at AzTex Mortgage are looking forward to helping you buy your dream home.

 

 

Basic Pre-Approval

Get the Best Mortgage Rate!

Tell us a little about your current needs and we can use that
information to match you with just the right loan.
 
Tell us about your loan needs.
*Reason for loan (purch, refi, cash out):
*Value of property:
*Type of property:
*Amount you need to borrow:
Type of loan wanted (30 Yr, 15 Yr, ARM, Int. Only):

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Tell us about your credit history.
*Credit History (Excellent, Good, Average, Poor):

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AzTex Mortgage 1060 Winding Creek Drive Cedar Hill, TX 75104
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