How Much Mortgage Can You Really Afford for a Santa Cruz Home?
Posted by Lauren Spencer on
Owning a Santa Cruz home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. Can you afford it, though?
Reputable lenders look at a list of criteria to decide how much they’ll loan you. This list includes:
    • Credit score
    • Existing assets including cash
    • Car leases or loans
    • Credit card balances
    • Debt consolidation loans
    • Home equity loans
    • Installment loans
    • Student loans
    • Other monthly debts
    • Size/source of your down payment
If you’d like to get an idea of what you can afford before talking to a lender, here are a few tools you can use to decide whether a Santa Cruz home is within your…
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