Friday, January 17, 2014

How much house can you afford?

The rule of thumb is not more than 36% of your monthly income. Does that amount include the mortgage payment or all the taxes, insurance and other maintenance costs? Use my calculators http://www.lordmortgage.com/mortgage-calculator.html to help determine your price range for your next home.  Do you feel that amount is too much house debt for a homeowner? Or should borrower increase that limit?

No comments:

Post a Comment