Helpful Info for home buyers concerning mortgage rates, how much mortgage you can afford, renting vs. buying, and several questions you should always ask your lender!

1. Questions a Buyer Should
Ask a Mortgage Lender
How do you decide which lender is
best for you?
Courtesy of Lisa Lasley,
Your Woodlands Township Team
Better Homes & Gardens Real Estate,
Gary Greene and Gibraltar Services
lisa@ywtteam.com

2. Mortgage Rate Table

3. Income to Monthly
Payments Chart

4. How much mortgage can you afford? The chart below can help you determine this. Here’s how. 1) Reading down, find the monthly house payment you
feel you can handle. 2) Reading down in the monthly payment column, find the interest rate closest to the rate of the type of mortgage you’re seeking.
At the point where that column and row intersect is an approximation of how much mortgage you can afford.

5. Rent vs. Buy
How rent money, figured on a 9%
interest basis, amounts to large sums
in a few years.