Add up all the money you spend (less rent if you’re paying rent at the moment)
Take your total spend (step 2 above) away from your total income (step 1 above)
The figure you get at step 3 above, is the maximum amount of money you have to spend in mortgage payments.
a) Your credit history and profile. Also, the actual amounts of money you have left to pay off on your loans and credit cards, matter.
First Time Home Mortgage – How Much Mortgage Can I Get Approved For?
Or…what if I told you that you could get a free trial of two tooth whiteners and only pay for shipping. You order a couple tooth whiteners and just pay for shipping! Awesome! You didn’t read the fine print.