Find Out Here How Much You Can Afford

READY TO BUY?

We can help answer all your questions and represent you to negotiate the best deal for you!

(708)369-8094

SHORT SALE - REO - BANK OWNED - RENT TO OWN

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THE FIRST STEP TO HOME PURCHASE IS GETTING LENDER PRE-APPROVAL - It's as easy as 1-2-3!

Scroll down to bottom to get your "FREE" mortage report. Use our calculator to 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.

For pre-qualification and to find out what you can afford contact:

Jackie Vincenzo, Senior Loan Officer

American Fidelity Mortgage Services Inc
4200 Commerce Court, Suite 200, Lisle, IL  60533
Direct:  (630) 681-1010 Ext. 145
Cell:  (630) 461-6720
Fax:  (630) 681-1088
thejmvteam@afmsi.com

There are many types of loans, conventional, FHA, ARM, VA and making the right choice depends on your situation.

REAL ESTATE TERMS, LOAN TERMS AND GLOSSARY. Click home loans to learn more about different home loans and the home buying process.

Check out the latest news from the Mortgage Bankers Association.

MY TOP PICKS FOR EXPERIENCED MORTGAGE PROFESSIONALS:

Contact: Jackie Vincenzo American Fidelity Mortgage (630)681-1010 x 145

Margaret Kapolka at Northwest Mortgage (773)586-6400 - ARCHER HEIGHTS

BROOKFIELD - LA GRANGE - LA GRANGE PARK - HINSDALE - ELMHURST - OAK BROOK - RIVERSIDE - LOMBARD - GLEN ELLYN - LISLE - OAK PARK - RIVER FOREST - LEMONT - WILLOWBROOK - DOWNERS GROVE - DARIEN - BURR RIDGE - WESTCHESTER - WILLOW SPRINGS - WESTERN SPRINGS - WOODRIDGE AND MORE!

& NEAR NORTH SHORE: SOUTH LOOP- RIVER NORTH - STREETERVILLE - GOLD COAST - LINCOLN PARK - KENILWORTH - WILMETTE - WINNETKA - HIGHLAND PARK - EVANSTON

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage
Qualification
Affordability
Rent vs Buy

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:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Find Out Here How Much You Can Afford

READY TO BUY?

We can help answer all your questions and represent you to negotiate the best deal for you!

CONNECT ON:

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