Mortgage Prices, Cost of living, etc

[Guest]

Keep in mind that your credit rating, your down payment, the type of

home, the cost of the home, and the area you live in are all debating

factors to what your house payment is going to be.

The same house plan in Los Angeles, CA is going to cost the same person

a LOT more than it would in Lansing, MI, for instance. The reason

being, the cost of living in LA is MUCH higher than in MI.

But that said, the person applying for it, the type of loan they get,

the amount of down payment they have, their credit history, the size of

the house, the value of the house, the land, even the neighborhood are

all going to factor into what you end up paying for that house on a

monthly basis.

I say this because so many people are surprised at how little some

people are paying on a mortgage. It isn’t -just- the city or state a

house is in that affects what a person pays.

[Author]

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