When calulating how much house you can afford, what is included in monthly debt?
February 4, 2008
Michelle M asked:
I’m trying to figure out how much house I can afford based on a certain income. It asks how much monthly debt I owe. Would I include car payments and insurance? I have zero credit card debt and zero student loan debt, so would I just put in zero??
Create a video blog…instantly.
I’m trying to figure out how much house I can afford based on a certain income. It asks how much monthly debt I owe. Would I include car payments and insurance? I have zero credit card debt and zero student loan debt, so would I just put in zero??
Create a video blog…instantly.
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.