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Getting approved for the mortgage you want is all about staying within certain ratios lenders use to determine how much you can afford for a mortgage payment. large debt payments (like an auto loan or big student loans) will limit the size of the mortgage approval you can get.
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By Lisa Smith Once you’ve learned the terminology and figured out how much you can afford to spend on a new house, the next thing you will need to do is get a mortgage. Because you will be.
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