Buying a Home: How Much Can You Afford?

Buying a Home: How Much Can You Afford?

In Part 1 of this post we explored some of the concepts and terms you’ll encounter when taking a mortgage. Once you get past the lingo, here comes the real question: how much house can you afford? In the case of a mortgage it is especially important you consider this question carefully, because unlike other personal loans, which are for relatively short periods, a mortgage spans 20-25 years on average and could be your single largest

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