FHFA Raises Conforming Loan Limit to $453k – The maximum conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac (the GSEs) in most of the U.S. starting on January 1 will be $453,100, an increase from $424,100.
FHA Mortgage Limits | HUD.gov / U.S. Department of Housing. – On December 14, 2018, FHA issued mortgagee letter 18-11, effective for forward mortgage case numbers, and mortgagee letter 18-12, effective for Home Equity Conversion Mortgage (HECM) case numbers, assigned on or after January 1, 2019.. These Mortgagee Letters provide the mortgage limits for Title II FHA-insured forward mortgages and the maximum claim amount for FHA-insured HECMs.
Bad News for First-Time Homebuyers – The maximum size of a mortgage that can qualify for FHA insurance is governed by county-specific loan limits published by the Department of Housing and Urban and Development. While these limits were.
2019 Loan Limits: FHA, VA, & Conforming – About County Loan Limits. Each of the following loan programs have limits on the amount you can borrow when purchasing a new home. Some states and counties have higher limits. Use the adjacent tool to search loan limits in your area. FHA loans generally have the lowest limits. It most counties the 2019 limit on a single family (one-unit) home.
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the federal housing administration (fha), and the Department of Veterans Affairs (VA). The first step to.
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Special Report: Well-to-do get mortgage help from Uncle Sam – In Santa Clara County, the center of the global tech industry and one. A test will come at the end of 2013, when the FHA’s loan limit of $729,750 will expire. After that, FHA will have limits.
FHA loan limits to increase in most of U.S. in 2019. – · The Federal Housing Administration announced its new loan limits for 2019, and it looks like most of the country will see an increase. In high-cost areas, the new FHA loan limits.
FHA Mortgage Limits | HUD.gov / U.S. Department of Housing. – These Mortgagee Letters provide the mortgage limits for Title II FHA-insured forward mortgages and the maximum claim amount for FHA-insured HECMs for calendar year 2019. FHA’s nationwide forward mortgage limit "floor" and "ceiling" for a one-unit property in Calendar Year 2019 are $314,827 and $726,525, respectively.
FHA increases loan limits in nearly every area of U.S. for. – · The Federal Housing Administration announced Thursday that nearly every area of the U.S. will see FHA loan limits increase in 2018. The new loan limits will take effect for FHA.
View the current FHA and conforming loan limits for all counties in California. Each california county conforming loan limit is displayed.
Permanent Foundation – Mobile Home Foundation Certs – Many existing homes are already on permanent foundations. Before an FHA loan, VA loan, or conventional loan (Fannie Mae or Freddie Mac) is approved, a profesional engineer must certify that the home is on a permanent foundation. This is typically called an engineer’s foundation certification. Some manufactured homes are already on a permanent.
Selling Guide – Fannie Mae | Home – Manufactured Home property eligibility requirements. fannie mae defines a "manufactured home" as any dwelling unit built on a permanent chassis that is attached to a permanent foundation system and evidenced by a HUD Data Plate and HUD Certification label.
HUD/FHA Manufactured Home Permanent Foundation. – For manufactured home services in East Alabama and West Georgia call 866-827-9775. For manufactured home services anywhere else in the United States click here for our office directory.. Criterium-Sollie Engineers provides design and certification services by Professional Engineers in East Alabama and West Georgia, including Auburn-Opelika, Lake Martin, Montgomery, Eufaula, Columbus,
Information Guide Converting Your Manufactured Home To Real. – This guide is intended to outline the procedures and steps to follow in converting a manufactured home, which was previously “set” on a permanent foundation,
Helping Appraisers Make the Right Choice’ – What was the reason behind providing training to appraisers on manufactured homes. this program also include these homes being placed on a permanent foundation as well as other site-built.
HUD.gov / U.S. Department of Housing and Urban Development (HUD) – Home / Program Offices / Chief Human Capital Officer / HUDCLIPS / Guidebooks / Permanent Foundations Guide for Manufactured Housing (4930.3G) Permanent Foundations Guide for Manufactured Housing (4930.3G)
Manufactured Homes: Pier Vs. Slab Foundation | Hunker – Over the past few years, quality of construction of mobile homes has improved, yet the cost to produce these homes represents a huge savings over the cost of building a "stick framed" home. If the home is being placed on your lot as a permanent home, and you seek FHA financing, you may want an insulated slab foundation.
when buying a mobile home on a permanent foundation, does the buyer get the same advantages as a frame house? example the current low interest rates? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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PDF Manufactured Home Requirements – eprmg.net – Manufactured Home Requirements Page 1 of 24 03/08/2019 Manufactured Home Requirements All end agency (FHA/FNMA/VA/USDA) guidelines must always be met. This is provided as guidance, but. Permanent Foundations Guide for Manufactured Housing (PFGMH) dated 1996.
Pre-qualifying for a mortgage won’t ruin your credit, but your score will see a drop in points for any hard credit inquiry. If your credit score was on the fence of qualifying, it isn’t advisable.
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Before you start shopping for a home, consider getting pre-approved for your loan. A pre-approval will show sellers you're a serious buyer and give you a.
Pre-qualify for an FHA Home Loan. To pre-qualify for an FHA loan, you should be able to demonstrate employability, job stability and reliability. To the FHA, reliability includes holding a steady job for at least two years with the same company or employer and increasing or at least maintaining consistent income.
home mortgage insurance cost Veterans' Mortgage Life Insurance – Life Insurance – Veterans’ Mortgage Life Insurance. Veterans’ Mortgage Life Insurance (VMLI) is mortgage protection insurance that can help families of severely disabled Servicemembers or Veterans pay off the home mortgage in the event of their death.
Find out what qualifying for a mortgage takes with today’s minimum mortgage requirements. Learn how to qualify for a home loan in 2019 before working with a lender. Find out what qualifying for a mortgage takes with today’s minimum mortgage requirements.
Pre Qualify For A Home Loan – Pre Qualify For A Home Loan – We are offering mortgage refinancing service for your home. With our help, you can change term and lower monthly payments. They take a 15 year mortgage and end up paying about the same monthly payment.
A Navy Federal pre-approval is good for 90 days and gives you the strength of a cash buyer. A pre-approval can help you: learn how much you can confidently offer when you find the right home; win a bidding war against others who may not qualify for a loan; complete the mortgage process more quickly once you find a home
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Before you start shopping for a home, consider getting pre-approved for your loan. A pre-approval will show sellers you’re a serious buyer and give you a competitive advantage during the bidding process.. What Is a Pre-Approval? A pre-approval is a commitment from a lender that financing up to a certain amount will be available to you when you decide to make an offer on a house.
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No closing cost loans can help you reduce the amount it takes to buy a home, but they’re certainly not free loans. If you’re tempted to use a loan with no closing costs, you need to understand how they work, what the tradeoffs are, and when they make the most sense.
How a no-closing-cost refinance works. closing costs can amount to 3% to 6% of your principal balance, according to the Federal Reserve Board. These are the charges for an appraisal, title search, recording fees and all the rest. But lenders will often package "no-closing-cost" mortgages for qualified borrowers.
No Closing Cost Refinance – Home Equity Loans – What you should know is that a no closing cost refinance makes it much easier to pull the trigger. If refinancing is a numbers game, eliminating this cost is very.
No Closing Cost – Shop around and compare no closing costs loans to evaluate the lifetime TrueCost of the loan. Lenders often define “no-cost” refinancing differently, so be sure to ask about the specific terms offered.
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When should you refinance your mortgage loan? – Refinancing a mortgage multiple times can reduce your overall financial benefit. Refinancing junkies who always migrate to the next low mortgage rate pay a hefty price by leaving a trail of closing.
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How Much Would A Down Payment Be For A House How much down payment do you need? | Credit Karma – How much down payment does it take to buy a house? Apr 26, 2017 4 min read Share: Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window). Here’s what you need to know about how much down payment it takes to buy a home.
Let’s look at an example of a typical no cost refinance program: No cost refinance: 6.5% mortgage rate, NO fees. Standard refinance: 6% mortgage rate, $7,500 in fees. Imagine you’re able to qualify for a mortgage at an interest rate of 6% on a $500,000 loan, paying a point to the lender and another $2,500 in closing costs, totaling $7,500.
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The closing costs on a refinance typically run about $4,000 for costs like appraisal, underwriting and processing fees. The good news: You can score a no-closing cost refinance. Read on to learn how.
How Do You Calculate A Loan Payment Excel formula: Calculate payment for a loan | Exceljet – Calculate payment for a loan.. To calculate a loan payment amount, given an interest rate, the loan term, and the loan amount, you can use the PMT function. In the example shown, the formula in C10 is: = PMT (C6 / 12, C7,-C5) How this formula works.
No Closing Cost Mortgage | Community Bank, N.A. – double-wide mobile homes are eligible for the no closing cost mortgage only if permanently attached to a foundation. Should the no closing cost mortgage be closed or discharged within the first three years, the Bank may collect the third-party closing costs from the customer that.
Do Condos Pay Property Tax Do HOAs Have To File Tax Returns? – Condo Manager – If you file under section 528, some of the association’s income will be exempt from taxes. This exempt status only applies to certain types of revenues, so it is important to understand your tax status when setting up your record-keeping. For example, your association won’t have to.
How Much Home Can You Afford? Mortgage Qualification Calculator – This calculator will help you to determine how much house you can afford and/or qualify for. Complete or change the entry fields in the "Input" column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.
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Mortgage Affordability Calculator: Estimate Home Loan Affordability. – How Much House Can I Afford? Unsure of how much home you can afford? Use our free calculator to find out how big of a loan you can qualify for given your.
How Much House Can I Afford – Credit.org – Whether you’re planning a move or figuring out how much home you can afford, our calculators below are perfect for you. If you have any questions or need any assistance contact us to speak to one of our certified financial calculators.
Car Affordability Calculator: How Much Car Can I Afford. – There’s no perfect formula for how much you can afford, but our short answer is that your car payment should be no more than 15 percent of your monthly take-home pay. If you’re leasing, it should.
FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.
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How Much House Can I Afford? – Home. – Calculate how much house you can afford using our award winning home affordability calculator. Find out how much you can realistically afford to pay for your next house.
The above car affordability calculator uses a conservative but solid assumption about how much car you can afford. Whether you’re paying cash or financing, the purchase price of your car should be no more than 35 percent of your annual income.
Mortgage For Manufactured Home On Land Manufactured and Mobile Home Loans – The Balance – Chattel loans are often used for mobile and manufactured homes, especially when the home is going into a park or manufactured home community. A chattel loan is a home-only loan (as opposed to a loan for the home and land together).
A first-time home buyer has to pay taxes on 403(b) retirement plan withdrawals, and if the amount withdrawn exceeds $10,000, a 10% tax penalty applies, too.
If I Use My Roth 401K for a Downpayment for My 1st Home, What. – Read Example: Roth IRA First Time Home Buyer Exception. The Roth 401(k) does not allow for the first time home withdrawal as a Roth IRA does. If your employer allows you to first roll it over to a Roth IRA, you’re all set, but that’s not likely. The better choice in this case might be a loan, you may be able to borrow up to 50% of the account.
Keep reading to learn more about first-time home buyer programs available in the Volunteer State and beyond. Guaranteed by the U.S. Department of Veterans Affairs, these mortgages are available to.
How to Withdraw from 401k or IRA for the Down Payment on a House – Earnings in Your Roth IRA up to $10,000 for the Purchase of a First Home: No income tax due, will not owe 10% penalty. Small 401k Loan : Will not owe income tax or penalty. Monthly payments will be small and will have a minimal affect on mortgage qualification.
Using a 401(k) loan for a down payment can be an attractive option, but you have to. would like to own a home, nearly 70 percent of potential buyers feel that a down payment is the. 5 first-time homebuyer mistakes to avoid.
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At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make.
· Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan. It can be a tedious process, especially for those buying their first home.
Can I Draw From a 401(k) for a Home Purchase Without Being. – Can I Draw From a 401(k) for a Home Purchase Without Being Penalized With Taxes?. Getting money out of your 401(k) retirement plan to buy a house without a large tax consequence is a bit tricky.
Borrowing Against Your 401K to Buy Your First Home. – 06/05/2014 · Borrowing against your 401K to purchase your first home can be a great option to come up with your down payment.. First Time Home Buyer – Duration: 7:58. Kris Krohn – Limitless TV 113,902 views.
Borrowing from a 401(k) to Make a Down Payment – Kiplinger – It looks like I’m going to need to take money from my retirement savings to make a down payment on a house.. to be a first-time homebuyer to qualify for the first-time-homebuyer exceptions, but.
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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as "mortgage points" or "discount points." One point equals 1% of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Interest rate lock options Choosing whether to lock or float your interest rate is an important part of the home financing process.
do bridge loans still exist problems with reverse mortgage reverse mortgages: the celebrity pitchmen aren’t even the worst part – In concert with their report, the CFPB has a good explainer of what exactly a reverse mortgage is. (Hint: “it is a loan”.) The NYT has a good wrap up of the some of the problems with reverse mortgages.Help with buying a new home – alternatives to a bridge loan. – Help with buying a new home – alternatives to a bridge loan? (self.Mortgages). Harder to find but they do exist. You would be around 5.5/6% on the second.. (actually they could do 80/10/10 or something like that. We only needed 10% down. BUT, we’d still have to come up with up to $55k in.
Best Mortgage Refinance Lenders of 2019 | U.S. News – Mortgage Refinance Lenders Find out how you can refinance your mortgage and get a lower rate, access cash or lock in a low rate.. also known as an Interest Rate Reduction Refinance Loan. Cash-out refinances offers up to 100 percent loan-to-value ratio.
Mortgage calculator Amortization calculator How much house can. NerdWallet’s free refinance calculator. Get started. in your home for a while and are refinancing at a lower interest rate.
Best Mortgage Refinance Companies [Top 10 Refi Companies for 2018] – Your ability to refinance your loan with better terms will depend on a lot of factors, including: the equity you have in your home, current interest rates for mortgage.
Mortgage Refinance Calculator from Bank of America Use this refinance calculator to see if refinancing your mortgage is right for. A Fixed-rate mortgage is a home loan with a fixed interest rate for the entire term of the loan. The Loan term is the period of time during which a loan must be.
what are current mortgage refinance rates Compare Mortgage Rates and Loans – realtor.com – What are the current mortgage rates? Get the latest mortgage rates for purchase or refinance from reputable lenders at realtor.com. Simply enter your home location, property value and loan.
Refinance: Low Mortgage Rates, Expert Service :: TIAA Bank – Make your goals come to life with a mortgage refinance. At TIAA Bank, we make refinancing better by keeping our fees low and the focus on you.. Interest Rate.
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The federal student loan interest rate for undergraduates is 5.05% for the 2018-19 school year. Federal rates for unsubsidized graduate student loans and parent loans are higher – 6.60% and 7.60.
» VA loans make refinancing quick and affordable – Interest – RATE SEARCH: Compare mortgage rates. Your path to a new VA loan depends on whether you just want to lower your monthly payment, want cash back from your refinancing or have been delinquent on your VA loan.
Refinancing to a fixed-rate mortgage Bank of America Refinancing can be done for many reasons, but switching from an adjustable-rate mortgage (or ARM) to a fixed-rate mortgage is one of the most common. The general rule of thumb is that refinancing to a fixed-rate loan makes the most sense when interest rates are low.
FHA Borrowers Now Eligible for Loan Modification Programs – The new modification guidelines will utilize a partial claim. in the same manner as s many others who are taking advantage of the Administration’s Making Home Affordable program. This is just the.
If I Default Under HAMP, Can I Reapply? | Nolo – The main program under the Making Home Affordable initiative was the Home Affordable Modification Program (HAMP), which modified loans to make them more affordable and sustainable for the long-term. HAMP used to be the largest mortgage loan modification program in the country.
Making Home Affordable was designed to stabilize the housing market and prevent foreclosures. The reduction in payments may be accomplished either through refinancing or modification of the.
Principal Reduction Alternative Under the Home Affordable. – Find the answers to your questions on the Principal Reduction Alternative under the Home Affordable Modification Program (HAMP), which was established to help distressed homeowners lower their monthly mortgage payments. The Principal Reduction Alternative does not apply to loans that are owned or guaranteed by Fannie Mae or Freddie Mac.
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PDF Making Home Aordable Program Hardship Adavit – Making Home Aordable Program Hardship Adavit I want to: Keep the Property Sell the Property The. This form is used by borrowers to document their financial hardship in connection with the Home Affordable Modification Program.
Home Affordable Modification Program (HAMP) – HAMP’s goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable and sustainable over the long-term. HAMP was designed to help families who are struggling to remain in their homes and show: Documented financial hardship; An ability to make their monthly mortgage payments after a modification.
Mortgage Interest Rate Today Mortgage Rates – Today's Rates from Bank of America – Today’s low mortgage rates . estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. arm interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM).
FACT SHEET: President Obama's Plan to Help Responsible. – A borrower has a non-GSE mortgage originated in 2005 with a 6 percent rate. To date, the Home affordable mortgage program (hamp) has.
Where To Borrow Money From The U.S. Is Running Out of Sources for Borrowing Money. – The federal government has borrowed so much that there are few places left on the planet where it can borrow more. Take a look at who has loaned the most money to the U.S. government. At the top.
Making Home Affordable Refinance and Modification | $5,000. – The Making Home Affordable Refinance and Modification program is designed to help homeowners refinance or modify their existing mortgage. The modification program comes with a $5,000 incentive to.
U.S. Officials Try To Rebuild Momentum In Stalling Mortgage Refinance and Modification Programs – Mr. Watt’s campaign begins a couple weeks after treasury secretary jack lew announced that the Making Home Affordable program, which includes the Home Affordable Modification Program, or HAMP, would.
Making Home Affordable Articles and FHA. – FHA News and Views – Articles in Category: Making Home Affordable. July 27, 2017. How FHA Loan Modification Works. By Bruce Reichstein. In our previous blog post, we discussed some of the basics of FHA foreclosure avoidance and loan modification.
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Home Equity Line of Credit | HELOC | BMO Harris – Home Equity Line of Credit (HELOC) Start fresh with a home equity line of credit. You may be able to pay off your high interest rate debt 2 and make your payments simple. Tip: A HELOC may help you pay down your debt 2 faster at a lower cost.
One of the main requirements for qualifying for a home equity line of credit is having enough equity in the home. Banks require that you maintain 10 to 20 percent equity in your financed home at all times, even after you take out a home equity line of credit. In order to qualify, borrowers typically need substantial equity in their home.
Home equity line of credit – Wikipedia – A home equity line of credit (often called HELOC, pronounced Hee-lock) is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower’s equity in his/her house (akin to a second mortgage).Because a home often is a consumer’s most valuable asset, many homeowners use home equity credit lines only for major items, such.
Home equity is the difference between the appraised value of your home and the balance on your mortgage. If you have built up significant equity, you may be able to borrow a portion of it using a home equity line of credit (HELOC).
Use the Chase Home Equity Line of Credit Calculator to show how much you may be able to borrow based on the value of your home. The equity in your home can be used for home improvements, debt consolidation or other expenses.
Home Equity Line of Credit (HELOC) Law and Legal Definition. – Home Equity Line of Credit (HELOC) is a type of mortgage loan usually taken using the home equity as a security for the loan. HELOC is used for home.
Home Line Equity Line Of Credit – United Credit Union – Home equity is the portion of your home that you own, mortgage-free. You can determine Just over one quarter of Canadians with home equity line s of credit are paying only the interest portion of the loan, a government survey found.
How To Buy Foreclosed Property Mortgage Calculator For Fha Loan With Pmi And Taxes Mortgage Calculator from Bank of America – Mortgage Calculator from Bank of America Determine what you could pay each month by using this mortgage calculator to calculate estimated monthly payments and rate options for a variety of loan terms. Get a breakdown of estimated costs including property taxes, insurance and PMI. mortgage calculator, mortgage payment calculator, mortgage loan calculator, home mortgage calculatorBuying a Foreclosed Home: How to Buy a Foreclosure in 5 Steps – Buying a foreclosed home can be profitable for investors whether they plan to rent the houses or fix and flip the properties. Similarly, foreclosed houses can have unexpected expenses, be purchased at inflated auction prices, and be much harder to find.No Doc Equity Loan Best Banks For Refinancing Home Mortgages No Doc Loans – No Tax Return Mortgage Programs – No doc loans may also be known now as stated income or low documented loans. They are made for those who do not have tax returns or other typical documents for getting a no doc mortgage loan. Another common issue is that people want to keep their personal and financial information confidential.
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Purchasing real estate with a mortgage is the largest personal investment most people make. Learn how to decide on the amount of mortgage to obtain.
A mortgage is a big responsibility. The bank risks a lot of money, and they have been increasingly cautious since the subprime mortgage crisis of 2007. To qualify for a mortgage, good credit is essential.
Citizens makes big mortgage move with $500M acquisition. – · Citizens Financial Group in Providence, R.I., has agreed to buy the assets of Franklin American Mortgage in Franklin, Tenn. The $154 billion-asset Citizens said in a press release Thursday that its bank will pay $511 million in cash for the assets. The deal, which is.
What You Should Know About Mortgage Programs for Teachers – [Read: Best Mortgage Lenders.] After the 36th month of. Fifty percent off leaves you a big cushion to do major renovations if needed and still break even if you decide to sell the home.”
Find out how much house you can afford with NerdWallet’s Home Affordability Calculator. Just like a mortgage lender, we factor in your household income, down payment, monthly debts, and monthly.
DCU Calculator – How Much Mortgage Might I Qualify For? – Easy to use on-line calculators to help you make informed decisions about how much mortgage you might qualify for.
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How the ’50/50 path’ helped one couple pay off their mortgage in four years – Look at your income and your expenses. Figure out a realistic time frame for when you plan to have your mortgage paid, and commit to it, Hill says. If you don’t make a big salary, Hill says, it’s.
Mortgage Apps are Loving Lower Rates, Loan Sizes Set Another Record – The Mortgage bankers association (mba) credited a strong start to the spring buying season for a big gain in mortgage applications during the week ended March 22. However, it appears that a surge in.
At NerdWallet. to your credit cards. It’s OK to have all those things picked out ahead of time; just don’t buy them on credit until after you have the keys in hand. » MORE: What not to do during.
First-time home buyers tend to have lower credit scores than the general population.. 6 Ways To Buy A Home Without Paying Off Your Student Loans. First-time home buyers guide: buying with.
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Low credit score home buyers In 2017 Could Qualify Because of this new FHA Policy.. That’s why most lenders require a higher minimum credit score than does FHA. Click here to see if your credit score is high enough to buy a home.
Knowing your credit scores is a good idea for many reasons. Everything from qualifying for a credit card or an auto loan to getting utility services or renting an apartment can be impacted by how good your credit score is.
How Does a Home Equity Line of Credit Work? – Home Equity Line Of Credit Rates. If you want extra money to make home repairs, to go on vacation or to buy a new vehicle, then you might be wondering about [.]
A good credit score is an excellent starting point for anyone considering a VA loan. But what exactly is a good credit score? Does the VA have a credit score minimum? How do VA credit requirements stack up against other mortgage options? One of the best benefits of the VA loan program is its relaxed credit requirements.
The score your lender will accept for a conventional loan can be determined by many factors, including your payment history, your salary history, your current wage, your available credit, the.
do you need good credit for a home equity loan Before You Apply – Home Equity – Wells Fargo – Before You apply. print. depending on your debt and income levels and the amount of equity you have in your home. good:. credit card, and student loan payments-and make sure the total isn’t more than 43% of your monthly pre-tax income.