Whether you are moving into your first house or your forever home, it is an important decision that requires financial thinking. You will want to consider expenses such as monthly mortgage payments, property taxes, homeowner's insurance, student loan payments, car loans, etc. The end goal is to make sure that you can afford these things along with your mortgage payments. Here are a few questions to ask yourself when considering how much house you can afford.
What is your monthly income?
How much room do you have in your monthly budget?
How much would you like to put towards the down payment?
What is the size of the mortgage loan that you want to take out?
These are just a few questions to start with when you consider buying a home. Success Credit Union can help you realize your dream of homeownership with low closing costs, competitive rates, and payments to fit your budget. Apply online for your home loan today!