Know Your Limits*
To offer you a precise mortgage, a bank must know your gross income (before taxes and deductions) and your debt obligations.
Your gross income determines your maximum mortgage. Your monthly debt payments determine whether
you meet the bank's defined ratios. The bank will eventually require confirmation, so be as accurate as
possible with the numbers you provide.
If you are like most of us, you don't have a written monthly budget. We've made it easy for you by
providing a worksheet to calculate your gross income and your monthly debt payments.
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