Mortgage Affordability Calculation – How Much Home Can I Afford?
Mortgage Affordability Calculation – The First Step for Home Buyers Almost all home buyers begin with the same question: How Much Home Can I Afford? Only your lender can give you a definitive answer, but Nick Richardson at JMJ Mortgage has provided a simple formula to get you started. Use the 43% Rule for a quick mortgage affordability calculation. You can also use my Mortgage Approval Estimate Worksheet to help you determine how much home you can buy. Lenders Approve a Total