What is a credit score and why is it important?

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How can credit and savings impact your loan?

 

Your credit score and down payment savings are factors in qualifying for a home loan.

 

What can affect the amount of a loan?

Down payment, purchase price, and loan terms and interest rate, affect your loan amount.

What can you comfortably afford?

Factor in principal and interest, property tax and homeowners insurance to your payment.

How do you calculate debt-to-income ratio?

Your debt-to-income ratio is your income less income tax, expenses and debt.

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Clarity Commitment®

A one-page summary of key loan terms written in plain language.