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Assuming you aren't paying cash, some mortgage companies use a formula based upon your current earnings (and future potential), often around one third of your gross income. So, if you're making $60,000 per year, your monthly mortgage payment shouldn't be larger than, say, $1,666 dollars (one twelfth of one third of your gross income), at current fixed rates, or at average escalated rates on an adjustable.
What else can I help you with?
What are dorms?
Places that college students that left the house live until they can afford a good house.
How can I calculate how much I can afford for a house?
To calculate how much you can afford for a house, you should consider your income, expenses, and savings. A common rule is to spend no more than 28 of your gross monthly income on housing costs. You should also factor in other expenses like utilities, property taxes, and insurance. Additionally, having a good credit score and a stable job can help you qualify for a larger mortgage. It's important to be realistic about what you can comfortably afford to avoid financial strain.
How much can you afford mortgage?
Whether you can afford a mortgage, depends on a lot of a factors. If you have good credit, you will probably get a good interest which will lower your mortgage payment. Your lifestyle can also affect whether you can afford a mortgage. If you are used to going to nice restaurants, buying high end,and other high end lifestyle, then you need to make sure that you stay in the dollar that you are paying for rent in order to maintain your current lifestyle.
Why does the number of houses being built a good indicator of economic health?
Because people can afford to build a house.
Where can I find a house insurance calculator online?
It is always good to know exactly where you are to be able to afford house insurance or not. It is really important to have house insurance in case of fire, etc. Here is a calculator: homeinsurance.com/calculators/
Should I Buy a Hybrid?
If you are thinking about buying a hybrid, the major consideration of yours should be whether you can afford new batteries for the hybrid. A lot of people fail to account for whether they can afford to purchase new batteries for a hybrid. The good news is that batteries for hybrids will get less expensive as more people continue to buy hybrids.
How do you describe a person who can afford a house. Can he be called 'affordable' person?
A person who can afford to buy a house would be referred to as a person who considers the house 'affordable', meaning he has sufficient money to buy the house.If the house is particularly expensive, he might be referred to as an 'affluent' person, meaning a person who could be considered wealthy.If the home-buyer needs and is able to borrow finance to buy the house, he'd be described as a 'good financial risk' who will find the repayments affordable.
How can people afford uggs?
they afford them by, having a good job & many they can spend on them.
Is the Bentley car good on gas?
No. But if you can afford a Bentley then you can afford the gas right?
Is it possible for mother to get primary custody of child after being in rehab and being clean for sixteen months?
Yes. It is possible but there are so many other factors that will be considered. The situation will be evaluated as whether it is in the best interest of your child, whether you can provide the care, protection and stable home she needs, whether you can afford it financially, and whether she is better off wherever she is until you can provide a good, safe, stable home.You should consult with an attorney or an advocate at the court that has jurisdiction over the case.Yes. It is possible but there are so many other factors that will be considered. The situation will be evaluated as whether it is in the best interest of your child, whether you can provide the care, protection and stable home she needs, whether you can afford it financially, and whether she is better off wherever she is until you can provide a good, safe, stable home.You should consult with an attorney or an advocate at the court that has jurisdiction over the case.Yes. It is possible but there are so many other factors that will be considered. The situation will be evaluated as whether it is in the best interest of your child, whether you can provide the care, protection and stable home she needs, whether you can afford it financially, and whether she is better off wherever she is until you can provide a good, safe, stable home.You should consult with an attorney or an advocate at the court that has jurisdiction over the case.Yes. It is possible but there are so many other factors that will be considered. The situation will be evaluated as whether it is in the best interest of your child, whether you can provide the care, protection and stable home she needs, whether you can afford it financially, and whether she is better off wherever she is until you can provide a good, safe, stable home.You should consult with an attorney or an advocate at the court that has jurisdiction over the case.
Is there a way to calculate a value that could be compared to the stocks' market price that would tell an investor whether it is a good buy?
There are lots of ways to calculate such values; it's kind of a matter of which one you believe in.
How do I decide whether to buy or rent a house?
It depends many factors such as money you have, consistent money flow, whether you are going to stay permanantly in that place etc. If you got good amount of money and going to stay permanantely in that place better you buy the house otherwise better you rent a house.
