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How Much Mortgage i can Afford If I Make $100,000 In A Year

Every Body Wishes to get their dream home. For Them, here is complete information on how much mortgage can i afford if i am making $100,000 per year.

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How Much Mortgage i can Afford If I Make $100,000 In A Year

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  1. How Much Of a Mortgage Can I Afford If I Make $100,000 In A Year

  2. Introduction  The starting stage of buying your home for the first time with a buying cost is to two and a half times of your salary.

  3. Example  For example, if you are earning $60,000 annually and your spouse are earns $40,000. Then the total will be $100,000.  Now your question about how much mortgage can I afford if I make $100,000? Is solved.  You can Afford a house of worth $250,000 ($100,000x2.5=$250,000).

  4. 28% of Your Gross Income  In other words, some experts suggest you that, you can afford your home mortgage payment as high as 28% of your gross income.  A couple who earns $100,000 annually, will pay $23,00 per month of mortgage.

  5. How To Figure Out If I Can Afford  Your monthly Income – Sum of your expenses = Mortgage Amount of Payment You can Afford  In this way you will be able to find how much mortgage you can afford on the basis of your monthly income

  6. Points To Remember  Do not forget about the incoming or uninvited expense.  Closing Cost & Move in Expenses.  Private Mortgage Insurance ( PMI)  Monthly Insurance  Interest rate

  7. Visit For More Information  www.BeingaRealtor.com  www.twitter.com/beingarealtor  www.Instagram.com/beingarealtor  www.facebook.com/beingarealtor

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