If anyone is thinking about whether or not they can afford a specific house payment... Just do a little home work. Step 1: If you don't have a budget, then figure out how much money you spend and start adding it up. It's best if you have at least 1 years worth of information to go off of. Step 2: Subtract your expenses from your income and see what's left. Step 3: Check your numbers and ask yourself a few questions. How much does that leave for a mortgage? Did you leave any room for saving money for a rainy day and unexpected bills? ![]() |
