Real estate blog entries tagged with century21 by Jessica Torres (Century 21 Premium Realty)

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Home : Blogs : Jessica Torres : Jessica Torres's Blog : Tag "century21"

century21: How much house can I afford? - 11/11/07 11:35 AM

How much house you can afford depends on how much cash you can put down and how much a creditor will lend you. There are two rules of thumb: If you are self-employed you can afford a home that's up to 2 1/2 times your annual adjusted gross income plus any items allowed to be added back or deducted. If you are not self-employed you can afford a home that's up to 2 1/2 times your annual gross income. Your monthly payments (principal and interest) should be 1/4 of your gross pay, or 1/3 of your take-home pay. The downpayment and … (0 comments)

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Jessica Torres

Frederick, MD

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Century 21 Premium Realty

Address: 1200 East Patrick Street, Frederick , MD, 21701

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