If
you are searching for a place where you can escape for a peaceful
weekend and where nature’s beauty will allow you to relax to your
heart’s content, Bethany
Beach
is your ideal destination. The place is also ideal for retirees and
those looking for a second home away from the bustle of city life.
Making the
choice
There
are mortgage lenders like Steve
Morgan,
a Bethany
beach lender who
can help you decide on the mortgage amount. But even before you meet
a lender, it is better to do a self assessment and see how much you
can pay.
You
may have prior commitments which the mortgage lender will not take
into account. He will ask you questions related to your credit
profile, income, debts and give you an estimate. But whether you can
pay back that borrowed amount after satisfying your hobbies or
passion and saving for your family depends entirely on you.
If
you buy a home, say at Bethany
Beach,
other than the mortgages you will also have to pay property taxes,
principal, interest, and homeowners’ insurance. Also know that if
your down payment is less than 20 percent, you may have to pay for
additional mortgage insurance. Moreover, set aside money for repairs
and maintenance. Lenders mostly allow a 41 percent to 43 percent
debt-to-income ratio.
If
you are confused as to what the safe mortgage limit for you is then
consult an experienced Bethany beach lender like
Steve Morgan.
He will calculate the amount for you based on your tax returns. He
will also take into account any outstanding loan or premiums you may
have to pay to come to a realistic figure.
No comments:
Post a Comment