mortgage tips: How to buy more house & stay within your monthly budget
- 06/04/13 12:10 PM
If you are like most home buyers who begin their Warsaw, Indiana home search, you start by deciding “How much house” you can afford on a monthly payment basis. Once you have arrived at that figure, you can then calculate how much the overall price needs to be in order to stay within budget. Unless you are putting down 20% or more of the purchase price there are normally 4 costs within your monthly mortgage payment. Those 4 costs are: The principle & interest portion of your loan payment Your homeowners insurance Your property taxes Your monthly mortgage insurance premium Most … (12 comments)
If you are like most home buyers who begin their Warsaw, Indiana home search, you start by deciding “How much house” you can afford on a monthly payment basis. Once you have arrived at that figure, you can then calculate how much the overall price needs to be in order to stay within budget.
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