how much mortgage can i afford: How much mortgage can I afford? - 11/06/08 10:01 AM
Save yourself a lot of worry and wheel spinning. Just take some time to figure out just how much you Can afford to spend on a home.
Here are just a few basics one can do while sitting at the kitchen table...
As a rule of thumb a lender will want to see your mortgage payment to equal no more then 29% of your u GROSS income. This this money you make before anything is deducted from the check.
Then you need to consider the currant loan interest rate.. In today market about 6 to 6-5 % is a good figure to … (3 comments)