How Much Can You Really Afford to Pay for a House?
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4 Tips to Determine How Much Mortgage You Can Afford
By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
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It is certainly important that evaluate your job stability and financial status and how big of a mortgage loan you can really afford to pay back. Bear in mind that a mortgage is a long-term, substantial amount of debt that can take a big share out of your monthly income. If your mortgage payments are going up faster than your income, you're just going to rack up a bigger debt or even lose the property in the event of default or foreclosure.
ReplyDeleteRegards,
Chris from 123homeloans.co.za