{"id":63,"date":"2017-08-26T21:47:19","date_gmt":"2017-08-27T01:47:19","guid":{"rendered":"http:\/\/fastforwardstories.com\/?p=63"},"modified":"2017-09-05T14:52:33","modified_gmt":"2017-09-05T18:52:33","slug":"how-do-lenders-decide-the-maximum-loan-amount-that-buyers-can-afford","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/how-do-lenders-decide-the-maximum-loan-amount-that-buyers-can-afford\/","title":{"rendered":"How Do Lenders Decide The Maximum Loan Amount That Buyers Can Afford?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 28px 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_c82ut98nec videoFoam=true\" style=\"height:100%;width:100%\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<p>As you\u2019ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses.<\/p>\n<p>Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support.<\/p>\n<p>According to the FHA, monthly mortgage payments should be no more than 29% of gross income, while the mortgage payment, combined with non-housing expenses, should total no more than 41% of income.<br \/>\nLenders also consider cash available for down payment and closing costs credit history and the rest of your financial picture when determining your maximum loan amount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; As you\u2019ll see in the video, the lenders consider your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. According to the FHA, monthly mortgage payments should be no more than [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[17],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/posts\/63"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/posts\/63\/revisions"}],"predecessor-version":[{"id":4912,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/posts\/63\/revisions\/4912"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/media?parent=63"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/categories?post=63"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/lkntitle\/wp-json\/wp\/v2\/tags?post=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}