Going through all the paperwork involved in buying a new home can be a bit overwhelming. However, their neglect may lead to a financial catastrophe. What can you do to protect yourself from problems? We hope to fully answer these questions in our article.

The amount of a mortgage that you can obtain depends on your income, family situation and the term of a mortgage. The longer the mortgage term the more affordable the loan will be so, therefore, the more you might be able to borrow.