Whether you plan on buying a home, or you are considering a second mortgage
loan on your home, we feel it is important to base important financial
decisions on sound, mathematical calculations. To get a better idea of
where you stand financially, please feel free to use the most incredible
online calculators listed on the Internet.
When determining the mortgage amount you may qualify for, you will want
to consider a number of financial factors:
• Decide how much you can afford to spend on a home before you begin
your search. If you look at homes out of your price range, nothing will
seem quite good enough.
• Don't spend more than you feel comfortable with, even if you qualify
for a larger mortgage, stick with what you feel is affordable.
• In fast selling markets, do your research ahead of time. That
way, when a house comes on the market, you are ready to make an offer
before its too late and the property sells.
• Ensure you get a mortgage that suits your individual needs. Think
about how long you think you want to live in the home and make a mortgage
decision that will give you the best terms.