For home buyers, finding mortgage financing and determining the cost of your mortgage can be as important as finding a new home.
How Much Mortgage?
Our mortage calculator can help you tackle one of the first questions home buyers face: “How much mortgage?”
But there’s more to the question. A lender looks at objective factors like income, assets and credit score to tell you how much you can borrow. But, you must answer more subjective questions to decide how much you want to borrow.
As a home buyer, you start with the size of the mortgage for which you qualify. But then there are other questions to ask yourself.
How important is your home is to you and your family? How much you are willing to allow the financing of home ownership to affect your lifestyle? How will your house payments effect travel, repairs, saving, investing and the other demands on your money?
When it comes to finding the right loan officer, it’s important to ask the right questions. These questions fall into four general categories: