THINGS TO PUT DOWN BEFORE GOING FOR A MORTGAGE.

by namkasproperties
January 31, 2025
Uncategorized
32 Seconds

THINGS TO PUT DOWN BEFORE GOING FOR A MORTGAGE.

Spread the love

As you set out on your home search, it is important to know the following:

•What kind of home you want and can afford?
•How much mortgage you can qualify for?
•How much will your monthly payments be?
•How much do you need to save for a down payment?

THE MOST IMPORTANT FACTORS THAT DETERMINE HOW MUCH YOU CAN AFFORD:

•Your monthly payments which included household expenses, mortgage payments, home insurance, property taxes, auto loans and any other financial considerations.

•How lenders determine what you can afford. Just like lenders, our Affordability calculator looks at your Debt-to-Income Ratio (DTI) to determine what home price you can afford.