Qualifying Courses
Work through the following courses to calculate where you currently stand.
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Income Calculation
Proper income calculation will determine your Debt-to-Income ratio as well as how much of a purchase price you will qualify for. Let’s start here, but keep in mind there are many alternative methods for calculating income. We’ll cover the standard here.
Proper income calculation will determine your Debt-to-Income ratio as well as how much of a purchase price you will qualify for. Let’s start here, but keep in mind there are many alternative methods for calculating income. We’ll cover the standard here.
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Debt-to-Income Ratio
Now we have your gross monthly income figured, let’s get your debt-to-income ratio calculated.
Now we have your gross monthly income figured, let’s get your debt-to-income ratio calculated.
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Credit
Credit is typically the first step to qualification but for everyone is a constant challenge to keep the credit score up. No matter what your credit is everyone should track it and understand how to improve.
Credit is typically the first step to qualification but for everyone is a constant challenge to keep the credit score up. No matter what your credit is everyone should track it and understand how to improve.
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Debt Reduction
If we can’t find a down payment assistance program to work for you and there are no gift or borrowing options available, then we need to save for the down payment. In this section we’ll discuss a few ideas of how to reduce debt and save more.
If we can’t find a down payment assistance program to work for you and there are no gift or borrowing options available, then we need to save for the down payment. In this section we’ll discuss a few ideas of how to reduce debt and save more.
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Down Payment
In this section we’ll discuss down payment options and get you set up with a down payment assistance program, get a gift, borrow or save for a down payment.
In this section we’ll discuss down payment options and get you set up with a down payment assistance program, get a gift, borrow or save for a down payment.
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MEET YOUR INSTRUCTOR
Understanding the few main points of qualification presented here will tell you how close you are currently or where we need to create a plan with timeframe to success.