And I don't know how realtors come up with the amounts that they say you qualify for. Most are totally unrealistic. I feel that taking the figure they say you qualify for and halving it is more realistic.
I don't know how they come up with them, but I can tell you why they come up with them:
Realtors work on COMMISSION. Once they close the deal and get their money. It is not their concern whether you can pay for the house or not, that is between you and the mortgage company. It's the ol' "I'm not against you; I'm for me!" Attitude.
