How much can I afford for a mortgage payment?

Answer On One Hand: Consider Your IncomeConventional wisdom suggests no more than 28 percent of your family's income should go to your monthly housing payment. Remember that on top of the mortgage itself,... Read More »

Top Q&A For: How much can I afford for a mortgage payment

What should I do if I cannot afford a mortgage payment?

You have lost your job and unemployment will not cover all the bills, groceries and house payments. Or you or a family member suffers a medical emergency and health insurance does not cover all the... Read More »

How much mortgage can I afford?

If you are planning to purchase a home, you will probably wonder how expensive a home you can afford. That will depend on the answer to another question of how much mortgage you can afford to pay. ... Read More »

How to Calculate How Much of a Mortgage a Person Can Afford?

When considering taking out a mortgage to buy a home, you need to carefully consider how much money you can afford to pay for the monthly payment. Since the amount you can borrow depends on the int... Read More »

How much is a point on a mortgage payment?

Mortgage points come in two ways: discount points and origination points. Both types are equal to 1 percent of the total amount mortgaged. Mortgage points are important to consider when securing an... Read More »