Tulsa Home Loans

One of the first questions you should ask yourself before purchasing a new home is, “Can I afford it?”  You’d be surprised how many Tulsa home loans are applied for BEFORE prospective home owners think about this question.

The first thing to look at is how much you can afford to pay monthly on a home loan. Consider all the debts you have now.  Tulsa mortgage brokers will be required to review your debt-to-income ratio. Your monthly debts divided by your gross monthly income. Some Tulsa mortgage brokers will allow higher DTI’s but a safe bet is to keep your debt-to-income ratio around 30%.

Here’s a DTI calculator that you can play around with to find out where you stand.  http://www.credit.com/calculators/dti/

As always, I’m here to help. If you need specific direction just give me a call at 918-512-4930.