Tag: Afford
Just How Much Mortgage Can I Afford?
by 5of7 The typical rule-of-thumb to answer this question is “one week’s gross income”. But because of the tax advantages of home ownership, its really higher than that. 31% of your annual gross income is a workable rule-of-thumb. So, if you have a household income of $ 100,000, then you can afford up to approximately…
