Future Home Buyers: How Much Mortgage Can I Really Afford?

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Future Home Buyers: How Much Mortgage Can I Really Afford?

Before you even start looking at properties, the first step in the process should be calculating exactly how much you can afford to pay on your mortgage. Mortgage lenders will use your gross income to make this calculation, but it’s good to know exactly how they decide how much mortgage debt you can take on.

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How to Tell If You Should Look for Your First House Or Renew Your Lease

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How to Tell If You Should Look for Your First House Or Renew Your Lease

Tired of working so hard just to build your landlord's equity instead of your own? Been dreaming about paint swatches and obsessing over Pinterest projects? Making that leap from renting to owning a home comes with many perks -- both financial and emotional. And even though home ownership comes with great responsibility, you might be surprised how achievable it can be. This article will help you answer the following questions:

  1. Are You Financially Prepared?
  2. Are You Prepared to Make Compromises?
  3. Are You Emotionally Ready?
  4. Will Owning Pay Off in the Long Run?
  5. Has Your Lifestyle Outgrown Renting?

 

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