How much can I afford?

Hi, Always have a question before taking a mortgage: "How much can I afford?" A calculator could help us in finding the answer. There are different types of calculators available to find several factors related to mortgages. We should have an idea regarding the monthly payments and the interest. The mortgage payment calculator can be used ( ... [more]

Hi, Always have a question before taking a mortgage: "How much can I afford?" A calculator could help us in finding the answer. There are different types of calculators available to find several factors related to mortgages. We should have an idea regarding the monthly payments and the interest. The mortgage payment calculator can be used ( http://www.northwoodmortgage.com/mortgage-calculators/payment-calculator/ ) to find the amount to be paid for each month. Knowing what you can afford and compare the rates are some advantages of using a calculator. Other advantages are( https://www.yellowpages.ca/tips/functions-of-a-mortgage-calculator-you-may-ignore/ ): 1. They help with budget planning 2. Mortgage calculators can help you save money 3. You'll learn much more by using one 4. Mortgage calculators can also be big time-savers. [less]