Memphis homes listings MLS

HOW DOES THE LENDER DECIDE THE MAXIMUM LOAN AMOUNT THAT I CAN AFFORD?

The lender considers 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 29% of gross income, while the mortgage payment, combined with non-housing expenses, 4 should total no more than 41% of income. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

Loan Pre-approval
Before you begin to shop for property, enhance your buying power by getting Pre-Approved or Pre-Qualified. It's probably the best advantage you can give yourself as a buyer. Learn the benefits of getting pre-approved early in your home search.

Request Pre-approval Information Now!

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HOW DO I SELECT THE RIGHT REAL ESTATE AGENT?

 Contact: Kent & Bettye Crenshaw about Real estate Memphis Tenn and Memphis homes listings / homes in Memphis Tenn. Call 901-756-4561

crenshaws.org - Crenshaws team realtors represent buyers and sellers of homes in the Memphis Real Estate market. We specialize in properties in the best parts of town for out-of town buyers. We have the best website for out-of town buyers to find homes in upscale areas of Memphis and the surrounding towns with average home prices and pictures of homes and shopping for each area. You can search all homes in the multi listing service from our website. We can set you up (or you can do it yourself using virtual agent) to receive all new or changed listings by Email the minute they come on the MLS. We have lived and worked our entire lives in the Memphis real estate area and know it well. We will work with you to find the best solution to your housing needs and get you the best deal possible. crenshaws.org covers Memphis, East Memphis, Germantown, Collierville, Harbor Town, Bartlett, Cordova, Shelby County, Tennessee USA. We show you the very best homes and listings in Memphis Tenn.

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