How much house can I afford?

Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.

Have you ever wondered how much house you can afford & what the bank will lend you?

Well – this depends on a few things:

Your income, your debt payments, and your credit score.

Typically, your total monthly expenses should be no more than 40-45% of your total monthly income.

For example, if the income of you and everyone on your loan comes to $6000, before taxes, then your total house payment plus car payments plus credit card payments should equal no more than $2700.

Remember to think about your other expenses like utilities, maintenance, & childcare so that you are not overextended.

If you want to find out how much house YOU can afford, call us today – We make it easy!

Join us again – every Wednesday – 6:30, during the news.

Lauren Hatmaker
Direct: 541-510-8428
Office: 541-972-8620
NMLS 1433297
Lauren@EugeneBrokers.com
www.EugeneMortgageBrokers.com