Examine Your Finances - Step 1 of 3
April 7, 2007
If you can afford to buy a home, you must then determine how much mortgage you can afford. Lenders are apt to put your loan application in the best light and qualify you for as much as they are willing to lend, which can be more than you can afford. It’s up to you to take stock of your income and expenses, both current and projected, to determine what you can comfortably manage each month. Along with your mortgage payment, don’t forget related insurance, taxes, homeowner association dues and any other costs rolled into the mortgage payment.
If you would like additional information please contact me. I will be happy to assist you with your questions. Step 2 and 3 are coming next.
Posted in All Things San Diego, Helpful Hints, Lending, Real Estate, Taxes, Things of Interest
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