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Saturday, 16 February 2008 |
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By Ed Lathrop
 The real estate market is full of bargains these days. Homes that sold for $500,000 a year or so ago can probably be picked up for less today because the housing market has become soft or has turned into what is known as a buyer's market.
So, when you're out there looking for a home, the big question is, "for my mortgage, how much can I borrow?" While the answer may be delightfully surprising, the real test comes when you figure out how much you can truly afford. Therefore, in this article we will give you the information you need to determine how large of a mortgage you can make the payments on and then you can go look for your dream house.
How much you borrow is up to you
The way the real estate mortgage market works today is anybody with decent credit can get a mortgage for just about any amount he asks for. It's really gotten crazy! Through negative amortization mortgages people have gotten mortgages for way more than they could afford and they were actually |
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Last Updated ( Saturday, 16 February 2008 )
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