Helpful Info for home buyers concerning mortgage rates, how much mortgage you can afford, renting vs. buying, and several questions you should always ask your lender!
The unequal battle of inflation and the appropriate sustainable solution | Eu...
Helpful Info for Home Buyers
1. Questions a Buyer Should
Ask a Mortgage Lender
How do you decide which lender is
best for you?
Courtesy of Lisa Lasley,
Your Woodlands Township Team
Better Homes & Gardens Real Estate,
Gary Greene and Gibraltar Services
lisa@ywtteam.com
4. How much mortgage can you afford? The chart below can help you determine this. Here’s how. 1) Reading down, find the monthly house payment you
feel you can handle. 2) Reading down in the monthly payment column, find the interest rate closest to the rate of the type of mortgage you’re seeking.
At the point where that column and row intersect is an approximation of how much mortgage you can afford.
5. Rent vs. Buy
How rent money, figured on a 9%
interest basis, amounts to large sums
in a few years.