Home Buying Question: How Much Can I Afford?

Continuing our series on home buying questions, you must ask the next logical question: "How much house can I afford?"

Your mortgage lender will help you answer this question, because they won't let you take out a loan they don't think you can handle. But it's best to determine your budget before you even approach a lender.

Mortgage calulators are a great place to start. Using a mortgage calculator, you can divide a mortgage amount into monthly payments. This will help you determine where you comfort zone lies.

Here's an article that will help:
Home Buying - What Can You Afford?

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This blog post is part of an ongoing series of home buying questions and answers.

~Brandon