How Much Can You Borrow?

How much you can borrow will depend on your income, down payment, job stability, existing debts, credit references and payment history. Lenders usually use the following two qualifying guidelines to decide how much of a loan you can manage:

• Your monthly housing expenses - mortgage payment, property taxes, insurance, etc. These expenses should be no more than 28 percent of your monthly gross income.
  
• Your monthly living expenses and any long-term debts - utilities, car and school loan, child support, health and car insurance, etc. These expenses should be no more than 36 percent of your monthly gross income.

Arthur Broslat
REALTOR®

POPULAR REAL ESTATE SEARCH SITES ( Use the 1st one to find the zip codes you want )

https://maps.huge.info/zip.htm

http://Realtor.com

http://Zillow.com

http://Redfin.com

 Market Update e-mails

Sign up for my e-mail market updates and best Land and Investment Property  recommendations. The properties are in the zone of North Port and Port Charlotte, including Punta Gorda, Englewood, Cape Haze, Rotonda and South Gulf Cove.

These e-mails will give you up to date information about this specialized market. Just drop me an email at Abroslat@gmail.com