Pre-qualifying for a mortgage is simple, and is intended to give you a working idea of how much mortgage you can borrow. Most first-time buyers and average home buyers looking for a new home can’t afford cash, so they are most likely going to end up with a mortgage. Using the Affordability Calculator is intended only as a guide as to how much you can afford, so your final amount will vary depending on a number of factors, such as interest rate which is based on credit scores. When you are ready to talk to one of our representatives, you will receive a more accurate figure.
Can I Afford The House of My Dreams?
This is a question that you will have to honestly ask yourself. Once you become a homeowner, the process of paying monthly expenses will become a little more complicated. You will have to consider separate parts of your mortgage payment alone, so it is important to fully understand the important aspects. The calculator on this page will help you to get started.
Use this affordability calculator to determine how much mortgage you can afford. It will help you to determine how much house you can afford by entering details about your income, the amount of money you can put down and interest rate. By filling out the required input fields, you can estimate the mortgage amount that works with your budget. Simply fill out the required fields below and the numbers will automatically appear below the form. Remember, it is intended only as a guide.
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Monthly Debt and Obligations Should Include:
The affordability calculator can help you to approximately determine how much you can realistically afford to pay on your house based on your personal finances. However, if at any time you have doubts, feel free to call the Dan Combe Group with your real estate questions, as you’ll benefit from information based on extensive industry expertise. Dan and his team will answer your questions and help you to determine how much you can afford on the house you want. As a group of dedicated professionals, the Dan Combe Group is available to you throughout the majority of the week. Whether you’re buying your first home or are looking to add to your real estate investment portfolio, you can rely on this team of dedicated professionals to see you through the process from start to finish. When you’re dealing in real estate, don’t go it alone. The Dan Combe Group can look out for your best interests and offer much-needed guidance during a potentially stressful time. For more information or to schedule an appointment, call the Dan Combe Real Estate Group today.