how much money do you have to make a year to be able to afford a 4 million dollar house?
November 23, 2008
Fixer Upper - Instant Savings
August 8, 2008
Saving Money - Buying a Fixer Upper
One of the benefits of foreclosure homes is the financial benefit. There is big money to be saved on a home that’s discounted because the previous owner defaulted on their mortgage payments. Something to consider is a fixer upper house
When a home is not in the best cosmetic condition, you can save even more money on it. If the repairs needed are merely cosmetic and related to mild neglect, you can put a bit of time and effort and really turn a huge profit. Not only are you saving money because of the foreclosure status but also you can save money because the house needs some painting, gardening and TLC.
Be careful the house isn’t going to need massive repairs when looking at your budgeting for repairs. Consider how much money it will cost you to get the house in either livable or saleable condition and add that money, the time required to do the repairs and the sale price to determine if you’re getting a good deal. Chances are that you can get a great deal!
how much money per year do i need to make to afford a $600,000 house?
June 13, 2008
Say I’m looking for a 30-year fixed rate mortgage, and I can put $100,000 down.
So I guess what I’m really asking is how much should my annual salary be to cover a $500,000 loan with a 30-year fixed interest rate of 6%? Or, is there a handy website that will allow me to calculate this?
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How much money do I need to make to afford a $600,000 house in NYC?
March 26, 2008
I’m trying to figure out what gross anual salary I need to buy a house.
I have no loans, no kids, I’m single. All I pay is car insurance for my 2000 Toyota Celica($10k car) a 2001 Suzuki sport bike($3000 bike) and for my 1994 dual sport motorcycle($1500 bike). I don’t have cable and my cell is $40/month. Cell could go from $70-$100 if anything at all beyond the monthy fee.
I can put down $10,000
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How much money would I save, paying cash as opposed to mortgage?
June 4, 2007
$90.000.00 at 6.25% fixed rate for 30 years (not including taxes, fees, etc.)
I went to an online mortgage calculator and keep coming up with over 100K savings! Is this correct?
I do have the cash and signed the papers. People think I am nuts for paying cash, but I look at them thinking who is the real nut.
I am not worried about write-offs or investing the money. I have to live somewhere instead of an apartment. Most importantly, I want my kids (while they are young) have a place to call home, friends and memories.
If needed, I can get a mortgage and buy another house and rent it as apartments and break even for the next 30 year.
Kansieo.com
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.