Mortgage Affordability – A Definitive Guide
The complete guide to mortgage affordability and how much you can borrow. In this guide you will learn: Why lenders assess affordability. How mortgage lenders assess affordability. Source of income used for affordability. What is the maximum you can borrow? Let's dive right in. If you don’t want to know the details and only want to know what you might be able to borrow then skip to the last section. Introduction to mortgage affordability. One of the metrics used to accept or decline a mortgage is mortgage affordability. By this we mean [...]