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what is my maximum loan amount and how much income does it take to qualify?

April 26, 2017income loan maximum qualify

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what is my maximum loan amount and how much income does it take to qualify?

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Click on the Clear All Scenarios icon, the white sheet of paper located on the bottom icon bar. This will clear all the previous information and calculations. Now move the cursor to the interest rate field entering 7.00%. Move the cursor to the Sales Price field and enter $150,000.00. Notice MPLO automatically fills in the loan amount based on the maximum LTV for the specified loan program. If you would like a lower LTV then displayed, change it! Enter 90.00% and select to move to the next field. MPLO will automatically adjust the mortgage insurance premium, if any, based on the requirements established in Loan Program Setup. At this point let s determine what income it will take to qualify for this loan. Click on the Solve button and immediately you have the income, based on the ratios established in the Loan Setup Program, to qualify for this loan program.