In 1998, RE/MAX Royal Jordan created its own strategic alliance with Multi-Prêts, the nations 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:
- Your total mortgage obligation, including P.I.T (principal, interest, taxes), must not exceed 28 percent of your gross income.
- Your total mortgage obligation, including P.I.T. and other debts, must not exceed 35 percent of your gross income.