How much of a loan could I get approved for?
Added (1). I found a house I'm really interested in. This year and last year I made $60,000 (both years). The house I'm interested in is $245,900 and I would need to be able to pass a 2.9% interest rate
Earlier this year I met with a mortgage broker and was looking at a home worth $280,000 but didn't get approved, the broker never told me how much I could be approved for though. (my credit score is good btw) Can anyone help me out, and possibly calculate what the mortage would be (with $20,000 down)
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