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What Can You Afford?

Posted by RCPAP on January 8, 2016
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Providing valuable resources for our Dallas Georgia Homes & Rockmart GA Homes Real Estate Buyers and Sellers is our top priority.

Now that you have made the decision to buy, it is important to figure out what you can buy.

Lenders will look at your current budget (income, assets, and debts), and how much you would like to down pay and calculate two ratios to determine how much they are willing to lend. The first ratio sets a limit on what they think you can spend on housing.

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