MORTGAGE INFORMATION

In 1998, RE/MAX Royal Jordan created its own strategic alliance with Multi-Prêts, the nation’s largest mortgage brokerage. This partnership brought immediate mortgage information and qualifying services in-house.

Our clients now have a one-stop-shop to obtain mortgage pre-qualifications, current and immediate financial information, and firsthand knowledge of the market.

MORTGAGE QUALIFICATION TOOL
There are two rules to consider when figuring out the appropriate amount for your mortgage:

  1. Your total mortgage obligation, including P.I.T (principal, interest, taxes), must not exceed 28 percent of your gross income.
  2. Your total mortgage obligation, including P.I.T. and other debts, must not exceed 35 percent of your gross income.

Desired Mortgage

Desired Mortgage for new home

Years of Mortgage

Total Number of Years on Mortgage

Yearly Mortgage Rate (%)

Interest Percentage of Mortgage

Yearly Property Taxes

Property Taxes on your new Home

Other Debt.

Other Yearly Debt (School, Car, ...)
  

Mortgage Payments

Total Payments

Required Salary


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