house price: Your Loan Size and the Price of Houses
- 12/26/14 01:32 PM
Your loan size will determine what price of houses you should shop for The less debt that shows up on your credit report means you will qualify for a higher loan and; therefore, be able to purchase a bigger, better house. Using your income and your expenses, your lender will calculate the maximum size of a loan for which you will be eligible. This will give you a good idea of the type of house for which you will be shopping.Remember that your total monthly housing payment will include your mortgage payment, taxes, and insurance. If you choose a condominium or … (0 comments)
Your loan size will determine what price of houses you should shop for The less debt that shows up on your credit report means you will qualify for a higher loan and; therefore, be able to purchase a bigger, better house. Using your income and your expenses, your lender will calculate the maximum size of a loan for which you will be eligible. This will give you a good idea of the type of house for which you will be shopping.Remember that your total monthly housing payment will include your mortgage payment, taxes, and insurance.
;)
;)
;)
