“Pre-Qualified Based on a Comfortable Mortgage Payment”

“Pre-Qualified Based on a Comfortable Mortgage  Payment”




I spend time with my clients talking through their comfort level for a mortgage payment. I know that isn’t what is traditional. I also want them to contact me as they are going through their search process, as there is always going to be variables like property taxes, homeowner’s insurance, mortgage insurance and possibly flood insurance or condo fees. 


Good morning Joe

They will be reaching out to you on Monday. They want to go over what their mortgage payment will be. There are two homes that are about $200,000 that is definitely the range. They lost a house the other day because they didn't want to go $210,000 on a multiple offer situation. I'm trying to help them understand if they're not willing to do what it takes and they're not comfortable with the monthly payment in that price range we have to start looking at lower-priced homes. Let me know if you hear from them.


Image courtesy of Iosphere/freedigitalphotos.net

Subscribe to my blog via Email:


Enter your email address:

Delivered by FeedBurner


Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 17 commentsJoe Petrowsky • April 29 2016 01:28PM


Comfortable is the target word here. Everyone has differnt levels of this...

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 4 years ago

Yes, I'm working with people who are qualified for quite a bit, but they don't want to spend anywhere near the upper range. We have to find something they will be comfortable with.

Posted by Kat Palmiotti, The House Kat (406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty) about 4 years ago

What someone qualifies for and what they are comfortable paying each month are often two different things.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 4 years ago

Hi Joe.  I have always let my customers know that what they may qualify for in terms of a loan may not be what they are comfortable with when their payments are considered.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 4 years ago

No one ever spends their "max" nor should they...

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) about 4 years ago

Good morning Joe Petrowsky ,

Making the monthly nut to crack in a comfortable range is what most buyers are interested in. No one wants to be married to a house payment!!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) about 4 years ago

Good morning Joe. What you can afford by ratio may not be the same as your comfort level. Nice advice! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 4 years ago

Good morning, Joe -- unless the lender is willing to help with the mortgage, comfort level is a definite consideration.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 4 years ago

Good morning again Joe. The calculations speak for themselves and I think their agent is right: often it is comfort level that wills out until they understand the real difference a few thosand actually makes.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 4 years ago

Hi Joe Petrowsky Coaching of buyers is so important.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 4 years ago

Joe Petrowsky  Sometimes you need to find a middle ground .

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) about 4 years ago

I find it interesting when buyers say they don't want to be involved in multiple-offer situations. In some parts of the country, that's the only way to buy a house. They should not focus on what everybody else is doing and focus instead on their own intentions, doing the best they can and, they just might win the house at an affordable payment.

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) about 4 years ago

Joe I follow the same practice.  It does not matter how much I can qualify a Borrower for.  If they are not comfortable with the monthly payment for the amount I can qualify them for, then we need to work out the payment based on what they are comfortable with.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 4 years ago

I hear that all the time and even some people who want their monthly mortgage payment to be less than they are paying in rent and want the house to be bigger and better.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 4 years ago

This is a good idea Joe. That way there are no surprises and the people know what their nut is.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) about 4 years ago

Comfort and joy go together like a good lender and financial advisor. Joe Petrowsky knows - always trustworthy and wise!

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 4 years ago

Being comfortable with the monthly obligations is always an important factor.

Posted by Roy Kelley (Realty Group Referrals) about 4 years ago