Your source for Denver Relocation information

Diana Kearns, REALTOR, ASP, ABR and Michael P Kearns, REALTOR, GRI, ePRO
RE/MAX Alliance • 1873 S Bellaire St, Suite 700 • Denver, CO 80222

RELODENVER HOME

RELOCATION 101
Sell your home. Learn a new city. Buy a new house. Pack and move. Start a new job. It can be overwhelming! Get tips and tools to simplify the process

DENVER AREA INFO
Neighborhoods, Government, Businesses, Schools, Sports, Recreation... There is so much to know about Denver.

FREE RELOCATION PACKAGE
Moving to a new area means finding the best home and neighborhood to meet your family's needs. Request a package tailored to your needs!

SEARCH FOR A NEW HOME
REALTORS® search for homes using the Multiple Listing Service (MLS). Use the same powerful database for your home search!

HELPFUL REFERRALS
Need an electrician? A place to store your stuff? How about a deal on appliances? Check out our pre-screened referrals.

BUILDING STAPLETON
Interested in Denver's redevelopment of the former Stapleton Airport? Check out our sister site at www.BuildingStapleton.com.

ABOUT RELODENVER
Who are we, and why should you work with us? Get more information about ReloDenver and The Kearns Team.

CONTACT US

HOW LARGE A LOAN CAN I QUALIFY FOR?

Lenders use a formula called a debt-to-income ratio to determine the loan amount for which you may qualify. This ensures that your total monthly debt doesn't take up too much of your income, and you remain inside your financial comfort zone after you buy a home.

Typically, a debt-to-income ratio compares your anticipated monthly housing payment to your gross (pretaxed) monthly earnings and your monthly debt (your credit card and any other loan payments, plus your mortgage payment).

For example, it used to be that most loan programs required a 28/36 debt-to- income ratio, which meant you could devote up to 28% of your gross monthly income to housing expenses, while your monthly housing expenses plus your monthly debt combined could be as high as 36%.

Many of today's loan programs offer expanded guidelines that allow you to devote more of your gross monthly income to your combined monthly debt. And with the increased use of credit scoring and automated underwriting, many home loan applicants benefit from more flexible debt-to-income guidelines that allow them to be approved for higher loan amounts.

Our Mortgage Partners can help you get a better idea of the maximum mortgage amount you can afford. Once you have this maximum figure, it's up to you to decide if this is the right amount for you, or if you would feel more comfortable with a smaller mortgage and a lower monthly payment.

Mortgage Home Page

How Much Mortgage Can I Afford?

How important is my credit history?

How much do I need for a down payment?

What about closing costs?

What does my mortgage payment include?

What are my possible financing choices?

Loan shopping tips!

Get Pre-Qualified!

For more information,
please call Diana at ReloDenver at (303) 598-2076, or e-mail us today!