How Much Can I Borrow For A Mortgage?

When we apply for a mortgage we should always have some idea as to how much we can afford to borrow, and our capacity to repay the mortgage. Knowing how much we can afford is vitally important because nobody would like to lose their house or investment property to foreclosure.  When we ask ourselves the question of ‘how much can I borrow for a mortgage’ it will be highly dependant

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Mortgages 101: A Survival Guide For Today’s Homebuyer

I have recently received a few e-mail comments from readers asking me to expand on my previous article Understanding Mortgages, this article will answer many of the questions that were posed to me in those e-mails. Mortgage and Housing Markets Today’s housing market in most of the United States is a virtual candy store for the homebuyer. The sheer selection of properties on the market in most cities allows today’s

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Student Loan Reduction Strategies

It appears that I shocked a few people when I wrote about my thoughts on maxing out your student loans to get every penny that you can. Of course, there are the same arguments about other kinds of debt as well. I have received my fair share of email regarding my advice on the use of debt. Debt is a Tool. It is that simple. Loans, mortgages, credit cards etc.

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The Car Loan Treadmill

In a previous post I wrote about how I manage debt and how I believe that making payments on a car loan is the absolute worst financial move I could make. I also talked a little about how I use a credit card to manage my monthly cash flows and the advantages that I receive from it. Along these lines, I must convey a story about my brother that just

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