Affording Tulsa Home Loans

Posted by admin on Tuesday, April 6, 2010 · Leave a Comment 

Tulsa Home Loans

One of the first questions you should ask yourself before purchasing a new home is, “Can I afford it?”  You’d be surprised how many Tulsa home loans are applied for BEFORE prospective home owners think about this question.

The first thing to look at is how much you can afford to pay monthly on a home loan. Consider all the debts you have now.  Tulsa mortgage brokers will be required to review your debt-to-income ratio. Your monthly debts divided by your gross monthly income. Some Tulsa mortgage brokers will allow higher DTI’s but a safe bet is to keep your debt-to-income ratio around 30%.

Here’s a DTI calculator that you can play around with to find out where you stand.  http://www.credit.com/calculators/dti/

As always, I’m here to help. If you need specific direction just give me a call at 918-512-4930.

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Filed under Debt to Income Calculator, Tulsa Home Loans, Tulsa Mortgage Broker · Tagged with , ,

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  • “By far the hardest working team I have ever had business dealings with. There is no quit in any of the associates. Believe me I tried to push them that far. Don’t hesitate to use this company. Thanks Fareed, Johna and the rest of the team at ZFG Mortgage that worked on my FHA refinance.”

    -Jay Kester Tahlequah, Oklahoma

    Fareed (and the rest of the ZFG staff) Thank you for your patience and consideration while we moved through the mortgage refinance process. My deepest appreciation and best wishes to you. God bless you in your work and I hope to meet you on a visit to Tulsa. I just want you to know I really do appreciate how you worked with me obtain the mortgage refinance. Your professionalism, courtesy and quality customer service kept us moving toward the goal. I really will stop in to meet you when I am in Tulsa.”

    – Janet Newby-Oklahoma City, Oklahoma

    As a Realtor, I am always left out of the loop on the transaction. The guys over at ZFG Mortgage kept me posted everytime an update came in on my deal. Everything they told my client was true and absolutely NO SURPRISES!!!! Thanks Fareed, I will use you as often as I can!

    -Cherrie, Coldwell Banker Select