How Much House Can I Afford
June 19, 2008
There are several factors in determining how much “you think” you can afford to borrow versus how much the bank or lender decides you can afford.
All these factors are rated when asking :”how much house can I afford” -
- Income
- Debt
- Interest Rates
- Job longevity
- Credit rating
- PMI
Amongst others, but these are the biggees.
Use this handy calculator to get a general idea on how much house you can afford.
How much house can I afford if?
May 21, 2007
How much house can I afford if…
Okay so let’s say I live in a 600,000 dollar house that I am planning on selling. I also make 200,000 a year. How much house can I afford? Just a general idea.
the family is 2 parents and a kid. 200,000 is what both parents earn together.
bought the house in 1994 for 250k. the other houses on the block that are the exact same size and same look as our house sold for 600k so prob. around there.
this is about my family and my house.
i don’t know much about real estate. i’m only 15.
i’m asking people we were driving down this street of really nice houses. and i was wondering if my dad could afford one of them.
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.