Can I Really Afford to Buy a Home?

Whether you are a young person looking to dabble in first time home ownership, or you are a retiree looking to downsize, in this economy it makes a lot of sense to ask the question in the title.  Some things that will help you answer this question include what is your credit score (which directly impacts what kind of interest rate you are likely to get from a lender); how much of a down payment can you make; and can you afford the monthly and annual costs associated with owning a home.  Additionally, you’ll want to consult a home mortgage calculator to determine how much over the short and long haul this will cost you.

This entry was posted on Thursday, June 13th, 2013 at 10:01 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed at this time.