nightrythm: (Default)
Can anyone explain this stuff to me in an easy way? I've read everything and I'm still confused.

Why can't I just go in and say, I can afford to spend $x a month on my home (mortgage/insurance/taxes etc.) and I have $x to put down, how much money can I get?

Math is hard and I wanna go shopping, but I can't without doing the math first. *grump*
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Date/Time: 2009-05-22 20:13 (UTC)Posted by: [identity profile] nakeygirl.livejournal.com
I found the mortgage calculator frustrating as well. What it really came down to was to talk to the bank. Then, they will ask you for a bunch of paperwork- bank statements, paycheck stubs, tax forms etc. the tell you how much they'll lend you based on down payment and what they decide you can afford.

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NightRythm

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