How Much Can You Afford?

Deciding how much house you can afford is a personal decision and there are many factors to weigh. How much can I borrow? How much can I put toward my down payment? What size monthly payment can I afford?

The guidelines are changing daily, but the one constant is preparation. If you speak with one of our professionals early enough, we can help find out the best scenario for you. We can also work with you to better your credit score, pay off current debts, and set a goal to have saved up for a down payment.

What Size Monthly Payment Can I Afford?

When determining what size monthly payment you can afford, you'll want to consider what other monthly expenses you have. Tangible expenses such as car payments, day care, and utility bills all play a role in how large a monthly payment you can afford.

There are also the intangible expenses or lifestyle expenses that you'll want to consider. Things such as dining out, travel and when you buy your next car can effect how much you can afford.  Are you willing to curtail or delay some of these expenses in order to afford a larger monthly payment?

How Much Can I Borrow?

This is a question you'll want to get answered before you begin your home search and something we're here to help you with. Our mortgage calculators will help you see how your down payment, monthly payment, and the amount you borrow are all interrelated.

How Can Inland Mortgage Help You?

The best way is by contacting one of our loan officers. They will take a loan application from you, which will show DTI (Debt To Income), current trade lines, etc. This will give your loan officer a road map on how much you can afford today.