Home Mortgages
Deciding how much house you can afford is a personal decision. Many factors come into play. How much can I borrow? How much can I put toward my down payment? What size monthly payment can I afford?
There are no black and white answers to these questions. It's a matter of give and take. If you plan on a 30 year mortgage, you can probably make a lower down payment (or perhaps no down payment at all) and still manage the monthly payments. If, on the other hand, you plan on a 15 year mortgage, you'll probably want to make a larger down payment to keep your monthly payments in line with what you can afford.
The following pages contain helpful information about the Mortgage Process:
- How Much can you afford?
- The Loan Process
- Are You Pre-Approved?
- When to get Qualified
- How the Affluent Manage Home Equity to Safely and Conservatively Build Wealth
- Mortgage Saving Tips
- Homeowner Deductions
- Fixed vs. Adjustable
- VA Loans
- Rates and A.P.R.
- Rate Lock Periods
- Real Estate Glossary
- What is PMI?
- Eliminating PMI
- Mortgage vs. Deed of Trust
- Mortgage Servicing
