by Borrowing Better Staff | Jan 21, 2017 | Borrowing, Buying Tips, Tools & Resources
Before starting your search for a new home, you must understand how much house you can afford. If you do a quick search for “how much house can I afford?” you will find a few mortgage calculating tools. While these are helpful, they do not tell you what goes into the...
by Borrowing Better Staff | Jan 20, 2017 | Borrowing, Credit
Debt plays a massive role in determining not only how much house a homebuyer can afford, but if they would qualify for a mortgage in the first place. There are specific preferences unique to each lender and type of loan. Some banks allow a higher debt amount than...