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Calculating How Much Mortgage You Can Afford

Calculating How Much Mortgage You Can Afford

Posted 09/21/2020

If you're preparing to purchase a home, congratulations - you're about to take an exciting step! Many factors will shape your decisions over the coming weeks and months, and paying for your new house will be primary among them. Most homebuyers need a mortgage to finance their purchase, leaving you with an important question: how much mortgage can you afford? To determine how much you can (and should) borrow, St. Mary?s Credit Union takes a closer look at calculating the costs of homeownership.

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