Signs That You’re Ready To Purchase A Home - #3
June 14, 2007
Figuring-out whether you are ready to buy a house, whether you’re a renter or are aiming to move up or size down, can be a daunting task. But there are signs that will indicate whether you’re ready to take the buying plunge. Here is one of the signs that you are ready.
Know how much you can afford. Freddie Mac says that as a general guide, your monthly mortgage payment should be less than or equal to a percentage of your income – usually about a quarter of your gross monthly income. Also, your income, your current debt and credit history go into determining how much you can borrow.
Posted in All Things San Diego, Helpful Hints, Real Estate, Things of Interest
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