How Much House Can You Afford?
Filed under Home Buyers, Mortgage on Jul 07,2014 | Tagged in: interest.com, Mortgage rates
You’re in the market for a new home. You’re smart and follow the housing news. You see that banks are writing loans with as little as 5% down, and that home prices and mortgage rates are starting to inch up. Your emotions tell you that NOW is the time to jump in, before housing prices move higher. But, your practical side tells you to wait until you really understand how much house you can afford. Journalist Reed Karaim, writing for Interest.com, says that “wise home buying is about figuring out what you can afford, how much you can put into a down payment, and then sticking to your plan.” Learn about his fives smart moves that can put you in great shape to buy a house that fits your budget.
