{"id":369335,"date":"2016-04-04T10:47:23","date_gmt":"2016-04-04T15:47:23","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/mortgages-equity-loans\/tips-for-qualifying-for-a-mortgage.html"},"modified":"2024-06-27T15:18:59","modified_gmt":"2024-06-27T20:18:59","slug":"tips-for-qualifying-for-a-mortgage","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/mortgages-equity-loans\/tips-for-qualifying-for-a-mortgage.html","title":{"rendered":"Tips for Qualifying for a Mortgage"},"content":{"rendered":"\n
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Tips for Qualifying for a Mortgage<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Robert Rafii, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Before you even start thinking about qualifying for a mortgage with your financial institution, you need to decide how much debt you can afford. The best way to figure out how much house you can afford is by basing your decision on your monthly income. After all, you’re going to pay your mortgage monthly. Since you pay your bills monthly, it pays to know how much per month you can actually afford.<\/p>\r\n

This article discusses the financial path to homeownership by evaluating:<\/p>\r\n