How Big A Mortgage Can I Afford?

Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too.

This calculation assumes a 28-percent income tax bracket. If your bracket is higher, your savings will be too.

Rent: _________________________

Multiplier: X 1.32

Mortgage payment:__________________

Because of tax deductions, you can make a mortgage payment—including taxes and insurance—that is approximately one-third larger than your current rent payment and end up with the same amount of income.

To determine what your monthly mortgage payment would be on various loan amounts, visit

http://www.realtor.org/realtororg.NSF/pages/FMCalculators?OpenDocument&Login

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.

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If you're contemplating the purchase or sale of a property, I wholeheartedly encourage you to get in touch with me today. The journey of buying or selling a home can be intricate but having a seasoned and knowledgeable real estate professional by your side can be a game-changer. As a dedicated real estate agent, I am unwavering in my commitment to providing you with exceptional service and expert guidance throughout your real estate venture. Whether you're taking your first step into homeownership, an experienced investor, or simply seeking a change, I am here to support you at every turn.

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