Can I Afford A New Home?
Want to take a quick look at how the bank will determine if you can afford your new home? This worksheet has step by step instructions that reflect how most mortgage holders will decide if you have enough income to cover the mortgage payment for your new home. This will also help you decide how much of a payment you think you can afford, regardless of what the bank tells you - Payment Worksheet. Of course your credit history is also a determining factor. You can check that at no cost at each of the three major credit reporting agencies once a year. Credit Reports.
