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buying: Deciding your Debt Factor - 05/05/07 10:11 AM
When it’s time to buy a home you may wonder how much house you can afford with all of you other financial obligations. Among other things, you probably have a car payment, some credit card debt, and maybe a hefty student loan installment to pay each month. Keep in mind that there will be more than the monthly cost of the mortgage to budget for, also allowing for closing costs, home insurance, and possibly private mortgage insurance. Here is a quick way to figure out how much debt you may want to carry. Keep in mind, however, this a general formula
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Melissa DelGaudio
Severna Park,
MD
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CHAMPION REALTY, INC.
Office Phone: (410) 224-0600 x 623
Cell Phone: (410) 212-9316
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