Tag: Mortgage
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…
Is your old mortgage deal beneficial enough
by brizzle born and bred Should you go in for a change in your mortgage deal or not it is a difficult thing to decide as the standard rates of variables have become all the more attractive than what it was before. There were around a million of the home owners who were dependent on…
