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Quick Qualification Worksheet for a Conventional Mortgage


  Gross Monthly Income
Salary or wages $
Other salary or wages $
Rental income $
Investment Income $
Additional Income $
Total Income $

Qualifying Number

Total monthly income x 0.43 =


Long - Term Debts
  Monthly Debt
Car loan payment $
Credit Card payments $
Other loan payment $
Other loan payment $
Student Loan Payments $
Total Debts $

  Subtract total monthly debts from the qualifying number.  This is the maximum 
amount of housing payments for which you would qualify. 
IMPORTANT: This worksheet provides a rough estimate for conventional, fixed-term

mortgages.  Loan terms vary depending on type of mortgage and lender policies.
Consult a professional lender for exact data.

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