Christee Monthly Budget Quick Start
This module will answer the following questions:
What is an affordable monthly mortgage payment?
Is the affordable payment a payment you qualify for?
Is it a payment that fits within your lifestyle budget?
An affordable mortgage payment should fit within your monthly budget.
Monthly Budget allows an overview of current monthly obligations including Federal and State Income Taxes and how a new mortgage payment fits in your budget.
The Monthly Budget consist of all monthly obligations including those that would not be used by a Lender to determine mortgage qualifications. A Lender is generally concerned with those debt obligations that appear on a credit report. For example, private school tuition does not appear on your credit report but could be a factor in your personal monthly budget when considering a new mortgage payment.
Below is a brief explanation for the required and optional inputs. Additionally, in the browser input form there is a brief description for each input.
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Results will be displayed in your browser. Additional detail is available in the PDF file. Please review results with a recommended AskChristee Agent and Lender.
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