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Suggest You - How Much House Can You Afford?
Your Day Job Sucks? hy as a housemate - believe me! Slow down and realistically think through everything before you jump head-first into making this major purchase. If you don't, you'll just be giving Murphy an open invitation to overtake the house.Midweek is not supposed to be the depressing workday that Mondays are made out to be. But is it only males that don't want to wake up? I have often noticed that females are at their finest when on their way to work. Some people are ju Here's a quick checkli There is no magic dollar amount that you should be looking for regarding the "perfect home". How much house you can afford is as unique as you are; it's based on many factors, including your location, income, savings, personal preferences, and most importantly, the house-buying plan you have in place. The most ideal way to buy a house is the 100%-down plan. Sounds weird, doesn't it?! But think how much fun that would be! Don't borrow money. Period. If I can't get you to postpone the purchase that long, I strongly suggest you save a down payment of 20% or more, choose a 15-year (or less) fixed-rate mortgage, and limit your monthly payment to 25% or less of your monthly take-home pay. You want your new home to be a blessing, not a curse. If you buy a house with nothing down and a huge monthly payment, you're inviting Murphy to move into the spare bedroom. You do NOT want Murphy as a housemate - believe me! Slow down and realistically think through everything before you jump head-first into making this major purchase. If you don't, you'll just be giving Murphy an open invitation to overtake the house. Here's a quick checkli The most ideal way to buy a house is the 100%-down plan. Sounds weird, doesn't it?! But think how much fun that would be! Don't borrow money. Period. If I can't get you to postpone the purchase that long, I strongly suggest you save a down payment of 20% or more, choose a 15-year (or less) fixed-rate mortgage, and limit your monthly payment to 25% or less of your monthly take-home pay. You want your new home to be a blessing, not a curse. If you buy a house with nothing down and a huge monthly payment, you're inviting Murphy to move into the spare bedroom. You do NOT want Murphy as a housemate - believe me! Slow down and realistically think through everything before you jump head-first into making this major purchase. If you don't, you'll just be giving Murphy an open invitation to overtake the house. Here's a quick checkli You want your new home to be a blessing, not a curse. If you buy a house with nothing down and a huge monthly payment, you're inviting Murphy to move into the spare bedroom. You do NOT want Murphy as a housemate - believe me! Slow down and realistically think through everything before you jump head-first into making this major purchase. If you don't, you'll just be giving Murphy an open invitation to overtake the house. Here's a quick checkli You want your new home to be a blessing, not a curse. If you buy a house with nothing down and a huge monthly payment, you're inviting Murphy to move into the spare bedroom. You do NOT want Murphy as a housemate - believe me! Slow down and realistically think through everything before you jump head-first into making this major purchase. If you don't, you'll just be giving Murphy an open invitation to overtake the house. Here's a quick checkli Here's a quick checklist of important questions to review as you consider how much house you can afford. If you cannot answer YES to these questions regarding the house you have your eye on, then it's not a wise move to buy it right now.
Happy house-hunting!
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