How Much Mortgage Can You Afford? How to Calculate (2018)

On this video I cover a few simple calculations to help you determine how much of a mortgage you can afford. This does not replace a preapproval from a lender. It is literally meant to give you the ability to gauge what is financially going to work. I use this math ever day as a mortgage lender to help people determine what works. Please make sure to check out the article as well because having some of these calculations on paper can help make it crystal clear. mortgage -affordability/how-much- mortgage -can-i-afford/
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NMLS ID: 247743; CA – CA-DOC247743 – 413 0699, IL – 031.0054184, NY – Licensed, TX – Licensed, WA – MLO-247743 – CL-2611
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Comments (3)

  1. how many people are making 10K monthly?

  2. Dave Ramsey actually recommends your mortgage payment be no more than 25% of your TAKE HOME monthly pay, not gross. That's far more conservative than what you are recommending.

  3. So for those that are buying a home under $50,000.00 what lender is going to loan out for that amount?

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