Buying Kettering Ohio homes for sale, to a lot of people, is a dream come true. For some, owning a home brings a sense of pride and independence. To some, owning one means building long-term wealth. Before you take the plunge, it’s best to ask yourself these important questions to guide you on your next financial investment.
How Much Can I Afford
Everything depends on your budget. While choosing from a number of Kettering Ohio homes for sale, the first thing you have to do is to identify how much you can afford.
While it’s tempting to base your budget on how much you make in a month, there’s a more scientific guideline you can use. Specifically, that is the debt-to-income ratio. You can easily do this by adding your total monthly gross income and multiply it by 36% – that will be the maximum amount of monthly debt payments you should have. Afterwards, add all your current debt payments and subtract it from the previous amount. The result will be the maximum mortgage payment you can afford. Read more from this blog: http://bit.ly/2uN8bYZ
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