There are several factors you must take into consideration before you can determine how much Home you can afford:

• Combined family income
• Current obligations
• Living expenses

Steps for prequalifying or obtaining a mortgage:

• Availability of the following items
• Pay Stubs
• W-2's
• Bank Statements
• Credit Report

To estimate the amount of monthly expenses you will incur when purchasing a home, please take into consideration:

• Mortgage payment (Click here for chart)
• Property tax payments (into escrow with lending institution).
• Property Insurance (for dwelling itself and its contents)                              (Typically $50-75 per month)
• Utilities - gas, electric, water, sewer, etc.
• Home Owners Association dues, if applicable

Of Naperville

1200 Iroquois

Naperville, IL 60563

630-420-1220

Ann Moore