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Buying A New Home? How Much Will You Be Approved For?
January 2, 2011 by harrysrealestate · Leave a Comment
Calculate how much you will be approved for.
You can calculate your maximum mortgage amount before you go shopping for a home by using one of the many available Mortgage Qualification Calculators. This will help you to plan your purchase even before you have a chance to get pre-approved for a mortgage and rate hold.
By knowing roughly how much you can spend based on your income and current monthly debt payments you will have a better sense of the type and price range of home you will be looking for. Please remember to include all your monthly debt repayments.
