What Portion of My Income Should I Spend on a Mortgage?

November 28th, 2017

What Portion of My Income Should I Spend on a Mortgage?

 

Deciding on how much mortgage you can afford is very complicated with several things to consider. Before you plan to spend the maximum amount you’ve been approved for, consider what you feel comfortable with. And before you treat your home purchase like a zero-sum game consider spending a sufficient amount to buy enough house to keep you happy for a longer period of time, due to the hefty transaction costs of real estate. Read the rest of this entry »

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