Affording A Home
1st Time Home Buyers
The tax deductibility of your mortgage expense makes owning a home practical. Once you have made the leap and decided that you are going to buy a home, it’s time to find out what you can afford. This is where a trusted lender can help you.
3 Main Factors in How Much Home You Can Afford
1. Your income and how much other debt you have. This will determine how large a payment you can afford
2. How much you have for a down payment and for closing costs
3. Your credit history