October 31st, 2011 1:39 PM by Steve Iltis
This Week's Mortgage Morsel: How much
Can I borrow?
This is a function of a couple things. How much of a monthly
payment can you afford and are you comfortable with? And given your unique
credit and employment history, income and debt, and goals, how much will a
lender loan you? The first part you can get a rough idea of by using the
calculators on our website. We'll also help you through different scenarios by
asking a few simple questions. Based on standard lender guidelines, we'll give
you a good idea of what kind of terms and loan program you can expect to
benefit most from.