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How Much Home Can I Afford?

Before you start looking at homes, it's a good idea to find a target price range that you can afford. A mortgage lender will want to make sure you can qualify for the down payment, plus a monthly mortgage payment made up of principal, interest, taxes and insurance (PITI).

Interest rates and your personal finances will influence the amount of house you can afford. For a quick estimate of a monthly mortgage payment for which you may qualify use the following worksheet. You can also find a mortgage calculator for any home posted on the Windermere Web site at www.windermere.com . But remember, it's always good to talk to a lender before you start shopping for a home. I can refer you to lenders suited to your specific financial needs.

Peder Nielsen, 13000 Linden Ave N Suite 109, Seattle, WA 98133 | Direct: 206-363-1200 | Fax: 206-364-2758 | peder@peder.com
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