Virtual Mortgage Seminar: How Much House Can I Afford?

Thursday, July 18, 2024 12:00 PM - 12:30 PM
Online Event

Starting your journey to homeownership raises the question How much house can I afford? This question goes beyond mere numbers; it's about aligning your financial goals with your dream home. Hosted by Michigan First Mortgage's Chief Mortgage Lending Officer Dan Sugg, this half-hour seminar will help you gain insight into factors such as income, expenses, and financial planning to make informed decisions when purchasing a home that not only suits your lifestyle but aligns with your finances. Join our panel of industry experts as they provide valuable insights to guide you through your mortgage journey and answer your questions.

Topics of discussion may include, but are not limited to:

  • 28/36 Debt-to-Income ratio
  • Monthly payment vs. total price
  • Types of loans and terms
  • The importance of a down payment
  • Loan principal, interest payments, homeowners’ insurance, PMI, and property tax