Simple way to find our how much home you can afford
Here's a simple way to find out how much home you can afford to buy.
If you are a W2 Employee, your going to take 45% of you Gross Income, that's before taxes and you going to multiply that number by .45% so here's an example let's say you make $10K a month x .45% equals $4500.00.
So that means that your entire mortgage payment, plus your property taxes & insurance and any HOA fee's plus any outstanding monthly debt you have should not exceed $4500.00
This should help you get a rough understanding of what you can afford in today's market.
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Видео Simple way to find our how much home you can afford канала Clay Robison
If you are a W2 Employee, your going to take 45% of you Gross Income, that's before taxes and you going to multiply that number by .45% so here's an example let's say you make $10K a month x .45% equals $4500.00.
So that means that your entire mortgage payment, plus your property taxes & insurance and any HOA fee's plus any outstanding monthly debt you have should not exceed $4500.00
This should help you get a rough understanding of what you can afford in today's market.
For more content like this, give me a follow.
#Mortgages #loans #mortgagetips #realestateinvesting #realestategoals #realestate #lender #homeequity #homeloans #mortgagerates #InterestRates #investmentproperty #mortgage101 #yourmortgagesensei #Reels #reelsinstagram #mortgagebroker #refinance #home #firsttimehomebuyer #loanofficer #homebuyingtips #buyahouse
Видео Simple way to find our how much home you can afford канала Clay Robison
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9 июня 2023 г. 22:05:39
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