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How much mortgage can you afford?

How much mortgage can you afford?

This is a discussion on How much mortgage can you afford? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you are a prospective homebuyer in the bmortgage/b market, getting an idea about how much bmortgage/b you are able ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-11-2008, 09:58 AM

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How much mortgage can you afford?

If you are a prospective homebuyer in the bmortgage/b market, getting an idea about how much bmortgage/b you are able to afford would help you overcome financial difficulties. Formulating a strategy for buying your home would save you from b.../b

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