Can we even afford our dream house? What do we need to do in order to find out?
First, if you need a mortgage, what is he highest monthly payment that you can afford (better to consider the worst-case scenario)? In addition, you should be prepared to make a down payment of at least 30% of the cost of the property. For more information about mortgages, please read The Hidden Secrets of Mortgage Banks and use our mortgage calculator.