Are You Still Renting Because a Mortgage “Seems” Out Of Reach?

If you’re still renting a place to live instead of owning your own home, you’re not paying your mortgage, you’re paying someone else’s. That’s OK for a while, but it’s a false economy and leaves you nothing for the future.

Plus, renting isn’t an ideal situation for many people… because of regular property inspections, limitations on home improvements and all kinds of ongoing fees from agents.

Most people remain stuck in this cycle because they’re not sure if they can afford a mortgage at all.

But isn’t it time you started contributing to your own mortgage, instead of paying off someone else’s? The sooner you start, the sooner you’ll be sitting pretty on an asset that will only ever gain value on the market.

You might not be able to afford a two-story mansion right now, but you CAN afford a mortgage, that is if you know how much mortgage you can bear. Basically, you need to know two things:

1. Your debt to income ratio – the difference between what you take in versus what you pay out.
2. Your house payment to income ratio – the percentage of your income you can contribute to a monthly mortgage payment.

That’s it! Those are the only two things holding you back from finding and securing a loan for a new house that’s yours, not someone else’s. You don’t have to guess about these amounts. All you need now is a worksheet that helps you list your monthly expenses and income in a way that helps you come up with the magic ratio you need to afford a mortgage.

Use our “What Mortgage Can I Afford?” worksheet to help you determine a mortgage payment amount that suits your budget and lifestyle.

So, what’s the benefit here?

• You’ll know exactly how much your monthly loan payments, credit cards, and lines of credit are costing you each month
• You’ll know exactly how much a mortgage would cost you, including intangibles like property tax, homeowners’ insurance, loan insurance, and homeowners’ association dues
• You’ll be able to see where you can adjust your finances to afford a mortgage
• You’ll know a specific payment range that tells you how much mortgage you can afford RIGHT NOW

Sure, you could pay a real estate agent to do the work for you, but you can get this worksheet for FREE, with no obligation to buy anything else, and do it yourself!

Fill out your name and email address above or below and get this simple worksheet right now at no cost to you whatsoever.

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