How do I determine how much mortgage I can afford?
There are two parts to this answer that are equally important. One is your income vs. your existing debt. Obviously, the more money you make and the less debt that you have, the more you can afford on a mortgage. The second part involves your credit rating: the higher your credit score is, the lower your interest rate can be, allowing you to afford a bigger mortgage loan. Source: http://www.bills.
