Is your income secure and predictable for the foreseeable future? 💡 The Bottom Line
Every monthly mortgage payment goes partly toward paying down your principal, helping you build wealth. When you rent, that money is gone forever. should i buy a home now or wait
Are your total monthly debt payments (including the future mortgage) under 36% to 43% of your gross monthly income? Is your income secure and predictable for the
A fixed-rate mortgage ensures your principal and interest payments remain the same for 15 or 30 years. Renters are at the mercy of landlords and annual inflation. should i buy a home now or wait
Will you have 3 to 6 months of living expenses left over after paying your down payment and closing costs?