Are you wondering, “How much house can I afford?”?The answer depends on your debt-to-income ratio (DTI), down payment, and other factors.
Being a homeowner isn’t just about choosing a house. You must also ensure that you can afford the monthly mortgage when it knocks on your door. By following the 28/36 rule, you will save money and ensure that you can afford the purchase.
Choose a home with an affordable monthly payment. Besides saving money, you will avoid the awkward position of having to sell every stick of furniture just to make ends meet.Read More