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How Much House Is Too Much House: A Mortgage Calculation Guide

October 8, 2020 by Michael Addison

When it comes to finding a home, this is an exciting time. Many people love looking at houses; however, the reality is that people also need to think carefully about how much house they can actually afford. Buying a home is a big decision and for many people this is going to be the most expensive purchase they ever make in their lives. Therefore, it is important to take the time to get this decision right. There are plenty of ways for people to calculate how much house they can actually afford. With a budget in mind, this will make the shopping process easier. The 28 Percent Rule One of the top ways that people can figure out how much house they can afford is called the 28 percent rule. This … [Read more...]

Filed Under: Home Buying Tips Tagged With: Affordability, Budgets, New Home

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