Day: December 2, 2015

The Mortgage Balancing Act: What you Spend vs. What you Make

When looking to purchase a new home, many people focus on finding a house and obtaining a mortgage that they can afford. However, prospective home buyers should be aware that there’s more to being able to pay for a house than having an income that exceeds their outgo. Banks base their decision to lend and at what rate on an

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