Experienced, Professional, Dedicated

Puzzled About Home Financing?


The First Step in Buying a Home:  Get Pre-Approved for a Mortgage 

 A PRE APPROVAL IS REQUIRED TO SUBMIT AN OFFER ON A HOME!!

Knowing the type of financing UPFRONT is CRITICAL to your purchase.

CALL: Carol Ridlon FOR APPROVAL 7 days/week. Easy online Application

Preferred Lender is Ruth Watkins, GSF Mortgage

RECEIVE A PRE-APPROVAL, NOT JUST A PRE-QUALIFICATION 

NO MONEY DOWN PROGRAM STILL AVAILABLE IN SOME AREAS

ALL CREDIT SITUATIONS (Ask me about FHA Mortgages) 

FHA 203K FINANCING for a fixer upper to create your DREAM HOME!! Just like HGTV!

 

  WITH A PRE APPROVAL IN HAND YOU CAN NEGOTIATE LIKE A CASH BUYER!

CALL CAROL RIDLON AND START YOUR HOME SEARCH TODAY !!!

CELL: 352-346-8728  or email at carolridlon@yahoo.com

This week's 30 year fixed rate: 4.57%      Last week's 30 year fixed rate: 4.5%

(updated 3/9/2017)


How Much Can You Afford?


 
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %