How much can I afford?
answer that question, lenders look at all the elements that
make up your financial profile, including your credit history,
the cash you have available for a down payment and closing
costs, your income and your existing debt and financial obligations.
Then, taking the current market interest rate into account,
a lender can give you an idea of the maximum mortgage amount
you can afford.
By adding your maximum mortgage amount to the funds you plan
to use for your down payment, you will know your home-purchase
price range. To find out more, ask
my Mortgage specialist to assist you with home mortgage
See tips on shopping for a mortgage!
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< Can I afford it?
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< Down Payments
< Closing Costs
< How big a loan?
< Mortgage Payments
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