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How much home you can afford is a question that can be looked at in two ways. First, how much can you afford to spend on a house payment given your other financial needs and obligations? Secondly, how much house payment can I afford given lender qualification guidelines? The answer to the first question will take a comprehensive review of your financial needs including emergency funds, insurance, retirement planning, child and elder care, etc. Our calculator can assist you in figuring out the answer to the second question.
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Purchasing or refinancing a house is one of the biggest decisions you can make and it is important to arm yourself with as much information as possible.
Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.
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