When you’re getting ready to buy a house, your monthly mortgage payment is likely one of the biggest things you’ll think about.
How much of a mortgage loan you can afford ultimately determines how much you can spend on a house.
You want to make smart financial decisions, so knowing how much mortgage you can afford is key!
Use this process to find a rough ballpark for how much mortgage you can afford. This number is handy to have, especially when you’re just getting a feel for the homes in your market.