Debunking mortgage myths: Part 4

Debunking mortgage myths: Part 4

Too many people feel locked out of homeownership for financial reasons. While purchasing and owning a home is a serious commitment, it’s actually less of a financial hurdle than many realize.

For example, it’s commonly believed that to qualify for a mortgage, your monthly payment should not be more than 25 percent of your total monthly income. In fact, this is not a hard and fast rule.

With a variety of mortgages available, it’s easy to determine a purchase price that works for your specific situation. First Centennial Mortgage is intent on helping you own your dream home without breaking your budget.

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