If you are thinking of buying a home, you've probably heard the question "How much house can I afford?" The answer depends on your personal financial situation and your mortgage options. What is the maximum percentage of your income that you should earmark for a monthlymortgagepayment? This ...
Your income is a major factor inhow much house you can afford. But what percentage of your income should go to your mortgage? Is there a “golden rule” or consensus about how much you should spend on a mortgage? While the final answer is different for everyone, there are a few ...
4.Soon fossils filled nearly the whole of his house in Brighton and consumed much of his income. 5.Without any income, how would we pay our rent in the months to come? 6.With three incomes, the family might soon be able to afford a house of their own, perhaps on one of the wide...
Debt-to-income ratio:Mortgage lenders also look at your debt-to-income ratio, or DTI, which indicates how much of your monthly income your debts take up. The lower your DTI is, the larger the payment you can afford. Fannie Mae says lenders typically want your total debts - including your...
Explain why a government policymaker cannot afford to ignore economic theory. Explain two factors that might prevent wage rates from falling. Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving? How to explain ho...
As housing is a basic need for people, government should provide free housing for everyone who cannot afford it. To what extent do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words. Task 2 ...
Buying a house isn’t easy either; property values (and housing costs) are soaring for everyone. Los Angeles, California Big names from Kim Kardashian to the Clippers call Los Angeles their home. Unfortunately, it seems that celebrities and athletes are among the few who can actually afford to...
Texas Housers aggressively monitors government housing and community development programs, and how funds are distributed within the state. These programs include the Community Development Block Grant Program. When natural disasters like Hurricanes Katrina, Ike, and Sandy strike, the federal government uses...
The debt-to-income ratio is a great way to find outhow much house you can afford, as well as the maximum mortgage payment you qualify for. Simply add up all your liabilities and your proposed mortgage payment plus taxes and insurance to see what type of loan you can take out. ...
But the rules of how much income you can afford to spend on mortgage payments are the same with FHA loans. The thing to consider is that the smaller your down payment, the larger your mortgage loan will be. In other words, there are two ways to be able to afford more house: Make a...