Family Financial Statement

Family Financial Statement

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Family Financial Statement

November 2007

These two worksheets help you determine how much you can afford to pay for a house.  This includes noting your monthly income and expenses as well as your net worth.  Refer to the accompanying instructions for line-by-line help on completing the worksheets.

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These two worksheets help you determine how much you can afford to pay for a house.  This includes noting your monthly income and expenses as well as your net worth. Organizing your information this way can also help you prepare for a mortgage application or arrange for private financing.

Be sure to read the detailed instructions for line-by-line help on completing the worksheets.

Important to Know

  • Don't list incorrect or incomplete information on your statement -- a lender will usually find out the truth. In addition, it's better to take the time to clean up a bad or erroneous credit file before house hunting.
  • Once you've done the basic calculations and completed your financial statement, you can ask your lender for a "pre-approval letter," saying you're able to purchase a loan up to the maximum amount.
Included Forms
Family Financial Statement