Mortgage News Updates with Amanda Eddy

In today’s video Amanda breaks down what recent mortgage industry news means to you and gives insight on how to figure out how much you can qualify for without running your credit.

Skip to the times below for each topic covered:

.55 seconds: The new conventional loan limit of 647,000 and what that means for you as a buyer
4.40: What the rising interest rates mean for you
6.56: Ways to lower your interest rate
7:47: How you pre qualify yourself without running your credit:
Note, this is always different for every buyer and every situation!
Monthly income vs monthly debts
Income / 12 = ____ (monthly income)
All debt added together (car payment, minimum payments for credit cards, and loans = ____ (debts)
45% (the max debt to income ratio) of your income. Monthly income x .45 = max allowable monthly debts. Current debts + new mortgage payment has to fit into this number
15.06: Do loan officers like to be contacted before you’re ready to buy? Amanda Does!

You can reach Amanda Eddy at:

Instagram @ amandaeddy_
C: (817)933-2588
E: [email protected]