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.
What to do when you cant afford your house payments?
April 12, 2007
Maggie asked:
Not too long ago my parents bought a house. Everything was going fine until my dad lost his job. Now my parents cant afford to pay for their house and they are 3 months behind with payments. Im worried that the house will go into a foreclosure and I dont want this to happen. Can you please tell me what to do?
Caffeinated Content
Not too long ago my parents bought a house. Everything was going fine until my dad lost his job. Now my parents cant afford to pay for their house and they are 3 months behind with payments. Im worried that the house will go into a foreclosure and I dont want this to happen. Can you please tell me what to do?
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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.