How Much Home You Can Afford: A Step-by-Step Guide
Posted by VIP Realty on
How Much Home You Can Afford
Buying a home is one of the most significant financial decisions you'll ever make. But before you start house hunting, it's crucial to determine how much home you can afford. Getting a clear picture of what you can afford will not only prevent financial strain in the future but will also streamline your home search and help you avoid falling in love with properties outside your budget. In this guide, we’ll walk you through the key factors you should consider and provide a step-by-step approach to calculating how much home you can afford.
1. Start With Your Income
The first and most obvious factor in determining how much home you can afford is your income. This includes your salary, wages, bonuses, and any other…
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