4 Tips to Determine How Much Mortgage You Can Afford

I think the following raises some excellent points about Mortgage. I’ve included a few of the highlights for you to get the gist of the article:

Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.

Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t consider your current and future financial and personal goals.

Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative plan to eventually live with you and contribute to the mortgage?

Consider those lifestyle issues as you check out these four methods for estimating the amount of mortgage you can afford.

What do you think? Maybe you’d like to read on? Check out the full version here… https://www.ownsweethome.net/4-tips-determine-much-mortgage-can-afford/ then give me a call to discuss how this might impact your own business: (0400) 032-110. Alternatively, email me at [email protected].

Thanks,

Bill Mitchell