What Size House or Wedding Can I Afford?
Keeping Your Spending Realistic, and Smart
Gregory Karp
How Much House Can I Afford? Don’t Be “House Poor”
Buying a house is a fabulous idea and remains part of many people’s definition of living the “American Dream.”
But homeownership alone is not a panacea, especially in an era of easy lending and complicated home loans. Those recent changes have led many consumers to buy houses they simply cannot afford, which leads to the gut-wrenching process of foreclosure.
Here are some considerations when buying a home:
• Know the mortgage you can afford. The Federal Housing Administration, the government agency that helps people buy homes by guaranteeing loans, has a formula for home affordability. Mortgage principal ...
Get What Size House or Wedding Can I Afford?: Keeping Your Spending Realistic, and Smart now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
