The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

How much of your income should go towards a mortgage payment

How your mortgage payment changes per every $100,000 in purchase price

By Scott Sheldon / December 11, 2017

One of the questions home buyers have when house hunting is the relationship between their monthly mortgage payment and how much purchase price they are looking to take on. Here’s what you can use as a guide when you’re house hunting to help determine that bridge that gap… In most instances, for every $100,000 of…

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