Naples, FL is known for its high-end shopping and exquisite and challenging golf courses, as well as its premier location on the Gulf of Mexico. Miles of sugar-white sand beaches surround the famous Naples Pier. When you’re ready to call this paradise home or your designated vacation place, Fort Myers Mortgage Experts is the mortgage company in Naples, FL, with the experience and knowledge to assist you.
Looking for the Premier Mortgage Company in the Naples, FL Area?
Do You Qualify to Purchase a Home?
Qualifying for a home purchase mortgage is about more than just having the gross annual income (before taxes), but more importantly about meeting the guidelines for debt-to-income, also known in the industry as your front-end/back-end ratio.
Front-end is the percentage of your monthly gross income you pay for housing costs or PITI—Principal, Interest, Taxes, and Insurance—and is generally held at 35%. In other words, if you make $5,000, your monthly mortgage payment plus the amount for taxes and insurance cannot exceed $1,750.
Your back-end ratio should not exceed 45% of your total monthly gross income, or in this example, $2250.00. Back-end includes your PITI, plus all revolving debt such as:
- Student Loans
- Personal Loans
- Auto Loans
- Credit Cards
Good debt management is key to getting the optimal mortgage product, and fiscal education is a big part of The DiGregorio Difference. Our mortgage company in Naples, FL, makes it easy to qualify for a loan, and we approach your loan selection with the mindset of a financial analyst, ensuring that you continue to thrive and survive and meet your life goals after closing.
Fort Myers Mortgage Experts Are the Expert Mortgage Lenders in Naples, FL Area
The Fort Myers Mortgage Experts team knows mortgage lending, loan products, home buyer and lending programs, and real estate investing opportunities. When you work with us, you know you’re working with the premier mortgage lender in Naples, FL.
Naples, FL, is calling you. Contact us today to take that call and make your warm-weather dreams come true.