Financial Planning for Regular Folks
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Free Mortgage Affordability Worksheet

Free Mortgage Affordability Worksheet – Grab Yours Today

free mortgage affordability worksheet - report cover

Download your free Mortgage Affordability Worksheet now to figure out what mortgage you can afford.

Are you still renting because you believe a mortgage is out of reach for you?

Or perhaps you find yourself wondering “what mortgage can I afford?

There’s nothing wrong with renting a place to live … depending on your circumstances and priorities, renting can be a viable long-term decision.

However, if you’re still renting a place to live because you don’t know what you can afford, recognize that instead of paying down your own mortgage, you’re paying off someone else’s. That’s OK for a while, but if your desire is to actually own your own home, then continuing to rent is a false economy that leaves you with nothing for the future.

Many people remain stuck in this cycle because they’re not sure if they can afford a mortgage at all. Does that feel familiar to you?

If so, isn’t it time you started contributing to your own mortgage instead of paying off someone else’s? After all … the sooner you start, the sooner you’ll able to build up an asset that will grow over the long run.

You might not be able to afford a two-story mansion right now, but you CAN afford a mortgage, that is if you know how much mortgage you can bear. Basically, you need to know two things:

  1. Your debt to income ratio … that is, the difference between what you take in versus what you pay out.
  2. Your house payment to income ratio … that is, the percentage of your income you can contribute to a monthly mortgage payment.

That’s it! Those are the only two things holding you back from finding and securing a loan for a new house that’s yours, not someone else’s. You don’t have to guess about these amounts. All you need now is a worksheet that helps you list your monthly expenses and income in a way that helps you come up with the magic ratio you need to afford a mortgage.

Download your free mortgage affordability worksheet now

Use our free mortgage affordability worksheet to help you determine a mortgage payment amount that suits your budget and lifestyle.

Here’s what you’ll be able to calculate with this simple worksheet:

  • You’ll know exactly how much your monthly loan payments, credit cards, and lines of credit are costing you each month
  • You’ll know exactly how much a mortgage would cost you, including intangibles like property tax, homeowners’ insurance, loan insurance, and homeowners’ association dues
  • You’ll be able to see where you can adjust your finances to afford a mortgage
  • You’ll know a specific payment range that tells you how much mortgage you can afford RIGHT NOW

Click Here to Download Your Free Mortgage Affordability Worksheet
(This report is in PDF Format)

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