How big is “too big” when you’re thinking price tag on a new house? That’s the question that’s on everyone’s mind when they first go new-home shopping: What size mortgage can I afford? It’s a prudent thing to ask and sensible when it comes to your finances. Part of the whole Great Recession in 2009 was an issue with home buyers taking on far too high of a mortgage value than they could afford. (That and getting themselves into mortgage products that were probably not the most ideal for their situation). So to avoid another house buying implosion, a smart consumer will first take a look at their financial situation in the mirror and see what makes the most sense for their situation. Here’s a few tips to help you decide how much … [Read more...] about What Size Mortgage Can I Afford and How Can I Figure That Out?