Mortgage Interest Rates Calculators
Do home affordability calculators realize how much homes cost in westchester ny?
I currently make 82,000 a year gross income and I am looking to buy a home. I consider my job to be a good one and I make more money then alot of my peers. Everytime I use a Mortgage affordability calculator it tells me I can only afford a house thats less then $200,000. Now a house in westchester NY (where I live) under $200,000 will be in need of major repairs or located in a ghetto.
I calculated my budget and all my current debts and according to my own calculations, I can afford a mortgage that is $300,000 if I get a 5% or lower interest rate. I also took into account property tax, pmi, home insurance, heat hot water and electric.
I dont undertsnad why mortgage affordability calculators make it seem impossible to buy a new home (Especially where I live)
Don’t use a computer program to see how much a loan officer will qualify you for.
Talk to a local and experienced loan officer. Not someone over the internet- not someone out of town that your local bank sends you to- but a local experienced loan officer.
|
|
Real Estate Calculator Suite $39.95 If real estate math or financial math stress you, Real Estate Calculator Suite is the help you need! The 16 real estate and financial calculators in Real Estate Calculator Suite give you the ability to play with your own financial numbers as you consider a real estate purchase. Real Estate Calculator Suite includes 2 Quick Calculators, 2 Downpayment Savings Calculator, a pop up calculator, a Mor… |