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The old rule of thumb, that has worked well for me, has been a mortgage of no more than 2.5 times your income. With house prices as they are, that requires quite a large down payment. However, if you manage to do that, you will not ever be upside down on the home loan, you may get more favorable financing and the affordability of your payments will be decent.
What else can I help you with?
What kind of house is it when it does not have a chimney?
A house without a chimney!
What kind of house does esperanza want?
Esperanza wants a real house. A house that has stairs, a house where you can take a shower without telling anyone, ect
What are the different kind of houses?
mansion, nipa hut, and stone house.
What kind of art technique uses a house paint known as latex?
acrylic
What Garth Brooks songs did Warren Haynes write?
Two of a Kind, Working on a Full House
What kind of a house can a criminal justice lawyer have?
He can have any kind that he can afford.
What kind of housing can a pediatrician afford?
A pediatrician can make enough money and be a stripper on the side too own any house they want.
What kind of house do bahamians live in?
Most of the Bahamians who cannot afford the modern houses live in the wooden houses called the Plank Houses.
Can a nurse afford to buy a house with aproximately 4 rooms?
can a nuse's salary afford to buy a house with 4 or 3 rooms
What kind of car can a veterinarian buy?
Any kind they can afford.
You cant afford a house in sims what do you do?
Move your sims into a house they can afford. (sims 2 PC) use the cheat 'motherlode' or 'kaching' and you will get money, move them out then move them into the desired house ;)
What does your credit score have to be to purchase a house?
if you can afford it.
What is a sentence for afford?
When I asked my parents for a drum kit they told me, "Sorry but we can't afford it right now.".
Can a RN afford a nice car and house?
Yes
What is the how much house can I afford formula?
The formula to determine how much house you can afford is typically based on your income, expenses, and debt. A common guideline is that your monthly housing costs should not exceed 28 of your gross monthly income. This can help you estimate the maximum amount you can afford to spend on a house.
What kind of assault rifle should you get?
The best you can afford.
What kind of car can a teacher afford?
probably a Yugo
