: Lenders evaluate your mortgage eligibility based on Capacity (ability to repay), Capital (available savings), Credit (history of repayment), and Collateral (the property's value).
: Calculate your total monthly income and subtract all non-housing expenses like car payments, insurance, and groceries. Experts generally recommend keeping total housing costs—including mortgage, taxes, and insurance—below 30% of your gross monthly income . find a property to buy
: A high credit score (typically above 740) is essential for securing the most favorable interest rates. Improving your score before applying can lead to significant savings over the life of the loan. : Lenders evaluate your mortgage eligibility based on
Before entering the market, it is critical to establish a firm financial baseline. Capital (available savings)