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This Is the Salary You Need to Afford the Average Home in. – Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment.. To do this, some financial experts recommend your housing costs – primarily your mortgage payments – shouldn’t consume more than 30 percent of your monthly income.
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Fannie Mae Eases Credit To Aid Mortgage Lending – Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required. who can qualify for a mortgage. But they add that the move is intended in part to increase.