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There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. Click here.

Simple Ways To Avoid Wasting Your Time With Your Real Estate Agent

26 January 2017
 Categories: , Blog

When you're looking to buy a home, it's important that your relationship with your real estate agent goes smoothly. You'll likely be spending plenty of hours together, and getting along well will make that time more enjoyable for both of you. There are a number of simple things that a house shopper can do that not benefit the time of his or her agent — and this can add a challenge to the working relationship. Read More …

Inspections You May Want To Get When Buying An Older Home

26 January 2017
 Categories: , Blog

When you buy a house, you obtain a valuable piece of property along with a mortgage that you will likely have to pay on for the next 30 years. If you want to be very cautious about this to make sure the house you buy is in excellent condition, you may want to get several different types of inspections on the house. This may be important for newer homes, but it is extra important for homes that are older. Read More …

3 Errors to Avoid When Purchasing a Home

26 January 2017
 Categories: , Blog

When you are ready to buy a home, you have to be careful about everything from your credit history to the money you keep in the bank. Small mistakes could lead to a loan denial or a high interest rate. Here are some of the mistakes homebuyers make during the loan process and how you can avoid them.   Opting for Pre-Qualification Over Pre-Approval Some homebuyers believe that a pre-qualification and a pre-approval are the same thing. Read More …

Tips For Avoiding Potential Delays On Your Home’s Closing Day

26 January 2017
 Categories: , Blog

Once you've found a home that you want to buy, you'll need to make sure that your home purchase ends up happening by the closing day. Rate locks on mortgages are often valid for a specific number of days, and a delay could cause you to pay a higher interest rate if you do not close in time. These tips will help you avoid potential delays. Don't Make Big Financial Changes Read More …

Why Debt-to-Income Ratio Is Important When You Are Buying a House

26 January 2017
 Categories: , Blog

When you choose a real-estate agent to help you find the right home to buy, he or she is likely to discuss many things with you, including your financial state and the amount of money you want to spend on a home. If you have not yet applied for preapproval for a mortgage yet, the agent will encourage you to do that, and one important factor to evaluate with this is your debt-to-income ratio. Read More …

About Me
how much of a mortgage can you afford?

I have saved up for a down payment on a house for the last ten years. Each week, I would take 10% of my paycheck and put it in a special savings account that I could not access. Once I finally had enough money put away, I began looking for houses in the area that I could afford. But, what could I really afford? How much of a mortgage could I qualify for? There are some mathematical formulas that can be used to help you determine how much of a mortgage you can qualify for and actually afford. My blog will teach you how to make this determination.

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