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Getting approved for a mortgage loan is an exciting time in life! However, before you plan to spend the maximum amount offered, it's important to consider whether you can truly afford the mortgage your lender has offered. Although they let you borrow the maximum amount possible, doesn't mean you should. Taking time to calculate what mortgage rate you can afford will give you a clear view of your next move.
If you are looking for an in-depth estimate of your potential mortgage payment, you will need a...
