Lake Erie Vacationland Blog

How do I know how much home I can afford?

March 15th, 2015 1:57 PM by Peggy Hopp

Estimate that your monthly payments will be around 25% of your gross monthly income. Most lenders feel satisfied with that number. Keep in mind your credit score and any other monthly obligations will also be factored in. There are lots of mortgage calculators online that can be used to estimate what you can afford using different loan and rate amounts.

Click on the link below:

                                          MORTGAGE CALCULATOR

Posted by Peggy Hopp on March 15th, 2015 1:57 PM