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How Much House can you Afford?

Tuesday, June 5th, 2012

How much house can you afford? For many people, this is a difficult question to answer because they do not understand all of the factors that go into making this determination. While every bank will have its own way to determine this number, most of them seem to follow some general guidelines. In general, banks will look at your income, overall amount of debt, and size of your down payment in order to determine how large of a mortgage for which you qualify. Continue Reading >>