mortgage calculator: How Much House Can I Afford? What Every Homebuyer Needs to Know
- 05/11/18 10:08 AM
"The question, 'How much house can I afford?', is one where a lot of people go wrong in calculating their housing affordability. If you get this wrong, it can wreak havoc on your financial life; you can even wind up in foreclosure. You need to fully understand how much a house will cost you, not only up front, but over the long term!" Peter Mark, a Search Engine Optimization expert from Holiday Florida, breaks down the costs involved in buying and owning a house in the following post: ________________________________________
The question, how much house can i afford, is one where a lot of … (7 comments)
mortgage calculator: The Reason I Dislike Online Mortgage Calculators
- 04/14/14 11:30 AM
The number of factors that contribute to the equation of a mortgage payment has grown too dramatically to make online mortgage calculators reliable. Interest rates, the type of mortgage program, various options for an individual borrower, mortgage insurance, homeowner association fees, and many other variables must be accounted for in determining how much of a loan a borrower qualifies for, and how much the borrower's monthly payment will be. An online mortgage calculator can be misleading; an online mortgage calculator can provide false hope and ultimately discourage a would-be Home Buyer. _______________________________________
"The question, 'How much house can I afford?', is one where a lot of people go wrong in calculating their housing affordability. If you get this wrong, it can wreak havoc on your financial life; you can even wind up in foreclosure. 
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