How can credit and savings impact your loan?

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What is a credit score and why is it important?

A low credit score may mean a higher interest rate and monthly payment. 

What can affect the amount of a loan?

Down payment, purchase price, and loan terms and interest rate, affect your loan amount.

What can you comfortably afford?

Factor in principal and interest, property tax and homeowners insurance to your payment.

How do you calculate debt-to-income ratio?

Your debt-to-income ratio is your income less income tax, expenses and debt.

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How credit affects your interest rate

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You can estimate your monthly mortgage payment if you have an idea of how much your new home will cost.