How Much House Can I Afford?

When you are ready to buy a home, whether for the first time or the tenth, it is always important to know how much you can afford to spend. This will help you narrow your home search and ensure you do not get in over your head financially. There are several factors to consider when determining how much house you can afford. Debt Ratios Mortgage lenders will evaluate your debts relative to your income. The standard rule of thumb for debt-to-income ratios is 28/36. The first number means lenders prefer that your total housing debt- including your new mortgage, taxes, HOA fees, private mort...

August 8th, 2018 | Purchasing a Home, Preapproval, Pre-qualification, How Much House Can I Afford?

A.K.I. Funding

NMLS: 348865

Cal BRE: 01850103

Phone: 909-396-6870

 

Diamond Bar

22632 Golden Springs Drive, Suite 180
Diamond Bar, California 91765

West Covina

1627 W Garvey Ave N
West Covina, CA 91790