What percent of income should go to mortgage payments?
Banks may approve mortgage payments of up to 35% of your pretax income. But some experts advise limiting payments to no more than 25% of your after-tax income. Here’s why it matters.
Banks may approve mortgage payments of up to 35% of your pretax income. But some experts advise limiting payments to no more than 25% of your after-tax income. Here’s why it matters.
Shop for your new home the smart way. Learn how to calculate how much house you can afford before hitting that open house or applying for a mortgage.
There’s a big difference between what you’ll pay in interest over time if you’re offered a 3% vs. a 4% mortgage rate. Let’s take a look at the factors that determine your mortgage rate and calculate how much you’ll pay for a 1% rate difference.
How much can I get pre-approved for? Use our mortgage pre-approval calculator to estimate your maximum mortgage amount.
What’s an FHA loan? How much does a down payment cost? Where can I shop for a mortgage? Learn all this and more in our comprehensive guide to mortgage loans!
There are different mortgage types and each has its own credit score requirements. Your credit score will affect not only loan approval, but also the interest rate you’ll pay on your mortgage.