Contact Us
Email Us Facebook Twitter Linkedin Youtube

How much can I afford?

Posted by John Reeves in | 0 Comments

May
21

Determining whether a monthly payment fits your budget is a very personal decision. However, lenders look at your debt to income ratio to determine the home price you can afford. A lender will analyze your current existing debt, your other monthly payments, and will determine what your highest mortgage payment can be. This high limit will determine what you are able to get a loan for.  To determine your rations, first, look at your monthly gross income, before taxes and contributions. This is how much you make per month, not how much you take home. What you take home is net income.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Google Buzz
  • Ping.fm
  • Reddit
  • RSS

No tags

Search Homes What Is Your Home Worth

San Diego's Weather


°F ( °F)
Weather data provided by weather.com®

Stay Socially Connected

RSSTwitterFacebookYoutubeFlickr
  • t
    "Three things that make a great real estate investment http://t.co/5Zp9bj1NfQ"
    "Should you use rental properties to fund retirement? http://t.co/WPeKQKP9jq"
    "Real Estate Success Story: Two Flips Underway this Year! | http://t.co/0c2FOnk4FZ http://t.co/2dPZfUdpyg http://t.co/0c2FOnk4FZ"

    • Categories

    Archives

    Connect with Reef Point Realty
    Reef Point Realty