Richard Moen

RE/MAX REALTY CENTER
807 N Church St

Watertown, WI 53098
Phone: (920) 206-7381

“You Don’t Make Money

When You Sell A Home

You Make Money

When You BUY It”

Rich Moen

RE/MAX Realty Center

Why Even Experienced Home Buyers Make Costly Mistakes

When Financing Their Homes…

Dear Friend,

Did you know that your knowledge about home financing can mean the difference between

making and losing tens of thousands of dollars?

If you’re like most people, home financing…with all its hidden costs and games…can be a

daunting and confusing event. And for about 80% of people out there, borrowing

$100,000…$200,000…or even $500,000 or more is the largest financial transaction you will

incur in your life.

Small mistakes can leverage themselves into big losses of money. That’s why you need to be

armed to the teeth, not only with helpful knowledge, but with proven, helpful strategies and

questions that will get you the very best mortgage for your situation for the absolute lowest cost

available in the market.

And that’s why I created this report…to give you a number of helpful, straightforward tips

for avoiding costly mistakes and getting the very best financing for your dollar.

Here are seven strategies (I call them “secrets” because so many home buyers disregard them

when buying a home) you should consider when financing your home:

Secret #1: Clearly Understand How Much Financing You Can Afford

Like it or not, there are two guidelines bankers and mortgage lenders use to determine how

much loan you can afford.

The first guideline is the Payment To Income Ratio. This guideline compares your income –

or your total household income – to the amount of mortgage payment you’re considering.

To calculate the “payment” part of the formula, the lender will take the mortgage payment

(principal + interest) and add to it Property Taxes and Insurance. Hence the term “PITI”

(principal, interest, taxes, and insurance).

Usually lenders will loan up to 28% of your total household income.

But before you think you’re home free, there’s something else you need to know…

It’s called the Debt To Income Ratio. Debt refers to ALL the major monthly payments other

than your mortgage payment (PITI). To arrive at this amount, the lender will consider…

To get your free copy of this 17 page report simply fill out the request below and I will email right off to you. You will be glad you did!

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