Last year I quit my job in order to spend more time with my child. I do not regret it because I enjoy in every minute I spend with my son. Problem is that quitting my job caused us to lose a considerable amount of money. Now I am not sure if we can afford a mortgage. I would appreciate every help and advice I get. Thank you.
Well, you have to see what amount of money represent your monthly income. Then you have to determine how much money you spend on bills, credit cards and other things. You can also find on internet a calculator that can help you determine qualification for mortgage approvals and estimate loan costs. Mortgage lenders usually pay attention on your credit history and your monthly gross income.
