How Much House Can I Afford
June 19, 2008
There are several factors in determining how much “you think” you can afford to borrow versus how much the bank or lender decides you can afford.
All these factors are rated when asking :”how much house can I afford” -
- Income
- Debt
- Interest Rates
- Job longevity
- Credit rating
- PMI
Amongst others, but these are the biggees.
Use this handy calculator to get a general idea on how much house you can afford.
Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.