You should first determine your affordability. A mortgage payment can be a large chunk of your income, so you should consider other factors as well. A mortgage payment is typically based on several factors, including your debt to income-ratio and… Continue reading →

In this article, we’ll go over the 29/41 rule, Down payment, Term, and Expenses. Once you have this information, you can work out how much mortgage you can afford. There are also some tips to keep in mind when calculating… Continue reading →

Before deciding on how much you can afford for a mortgage, you should consider your monthly expenses. Although lenders won’t consider these, you should still factor them in. Most lenders require a certain cash reserve to approve a loan, which… Continue reading →

How much mortgage can I afford? The basic rule of thumb is to spend no more than 28 percent of your gross monthly income on housing expenses. That rule also applies to the total amount of debt you have. Ideally,… Continue reading →

There are many factors to consider when determining how much you can afford to pay for a mortgage. Homeowners typically have many monthly expenses, including taxes, homeowner’s insurance, and a host of other bills. Managing your monthly expenses is important… Continue reading →