Results for Tag "process"

What Is A Mortgage? | The Mortgage Process

Before you do anything else, review your monthly budget and determine what percentage of your income can be put toward housing.When you consider the decision of buying versus renting, be sure to think about:

Your estimated mortgage payments
The additional costs of home ownership, including maintenance and property repairs, as well as homeowner's insurance and utilities
The impact of your monthly mortgage payment on your other financial goals, like education and retirement planning.