home affordibility: Do You Know What Your Monthly Housing Budget Is?
- 01/20/13 12:03 PM
Do You Know What Your Monthly Housing Budget Is? When qualifying buyers, instead of focusing on “How much home can you afford” think about "how much of your monthly budget are you comfortable spending on housing?" The answers to both these questions is seldom the same.
The Monthly payment is a less abstract concept to the buyer than a homes purchase price. It breaks down the numbers into something that the buyer can easily focus on and understand. That monthly amount which hopefully will be equal to their monthly mortgage, will have to be paid out every single month no … (4 comments)
Do You Know What Your Monthly Housing Budget Is?
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