10/07/2020
Whether you’re going to purchase a home in the near future, or you know you want to own a home later on in life, it’s never too early to create a home purchasing .
How do you do this? 👇
1️⃣ Add up all your sources of income
2️⃣ Add up all your monthly non-housing expenses. Spare no detail here!
3️⃣ Subtract both and you’re left with the amount you can use to cover housing expenses.
As daveramsey.com says, “keeping your mortgage payment to no more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage. Don’t forget to save a little extra each month to cover regular maintenance.”