February 2013

Found 1 blog entry for February 2013.

Start out by knowing what mortgage you can comfortably afford. You should meet with a lender or mortgage broker to establish how much of a mortgage you will qualify for. It’s very important to go through the mortgage pre-qualification process before you begin your home search. This will bring your house hunting into focus and give you a better idea of the houses that fit into your price range.

Not only that, mortgage rates vary considerably and it is obviously to your short- and long-term advantage that you shop around for the best rate, terms and options. You don’t want to sacrifice lifestyle for a house.

Determine how much of a home (mortgage) you can afford by considering:

1. Your annual household income.

2. Your down-payment (should have

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