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Results for "who much mortgage can i afford"

Who much mortgage can i afford

Definition: The word "who much mortgage" translates to "how many mortgage payments a person would be able to make per month." In this context, it refers to the amount of monthly payments required for a home loan. As an example, suppose you're looking at a 30-year fixed-rate mortgage. If the person wants to pay off their mortgage by making one payment every two months over a period of ten years, they would need to make 30 x 12 = $360 in monthly payments if they paid all of those payments with just one payment each month. On the other hand, if the person is looking at a 15-year fixed-rate mortgage and wants to pay off their mortgage by making one payment every three months over the same period of ten years, the number of payments would be 15 x 3 = $45. So in summary, "who much mortgage" refers to the maximum amount of monthly payments required for a home loan based on the interest rate, duration, and other factors.


who much mortgage can i afford