5 Major Factors To Consider
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1
The first step in calculating how much house you can afford is determining the size of your down payment on the house.
2
The most popular type of mortgage is the conventional 30-year fixed-rate mortgage.
3
Lenders want to make sure they’re not lending more money than you can afford to pay back.
4
Closing costs are taxes and fees charged by the lender and other parties involved in the home purchase transaction.
Franklin D. Roosevelt, U.S. President
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
5
These two costs can vary drastically from one city to another.
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