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Can I Afford To Buy A House?

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RE: Can I Afford to Buy a House?

One of of the first thins the bank looks at is your debt to income ratio

Debt to Income ratio measures how much you can borrow based on your proposed mortgage payments, property taxes and insurance in relation to your total monthly income.

Lenders experience shows that you may borrow from 33% to 40% of your monthly income

If you would like to get a better idea of how much you can afford try using a mortgage calculator

here is a link to a mortgage calculator

http://www.kalkil.com/l-mortgage-calculator.php

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Can I Afford To Buy A House? Frc 12/19
> Re: Can I Afford To Buy A House? 19-Dec-05 03:47 PM


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