Federated Lending Corporation

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How much of your income should go towards a mortgage

Think about your salary before buying a home in Richboro PA. Otherwise you might mis-figure the mortgage loan amount you need. Lenders typically recommend earmarking 28% of your net income for your mortgage, For example, if your monthly income after taxes is $4000, the maximum monthly mortgage payment should be $1120. However, the amount you can actually afford might be different, depending […]

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