Integrity First Mortgage Group

Lake Norman Loans.com

1.800.295.6186

Call today for a free consultation!

Common Mortgage Questions:

How Do I know how much
house I can afford?

How do I know know which
          type of mortgage is best
          for me?

What is your best interest
           rate?

Once I am approved, how
long will it take to close my
loan?

Do you work with only
one lender?

What does my mortgage
payment include?

How much cash will I need
to purchase a home?

How can I reduce my debt
with a mortgage?

How are index and margin
used in an ARM?

What is the difference
          between a fixed-rate loan
          and an adjustable-rate
          loan?

Mortgage Answers:

"How do I know how much house I can afford?"

Generally speaking, you can purchase a home with a value of two or three times your annual household income.

However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make.

You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value.

Give us a call at 1.704.837.4443, and we can help you determine exactly how much you can afford.

We are always here to answer your questions and to help you through this process. info@ifmghomeloans.com