You want to purchase a home based upon your current salary you decide that you can afford
Fantastic news! We've Found the answer you've been seeking!
Question:
You want to purchase a home based upon your current salary you decide that you can afford $2000.00 per month.
Your bank has approved you for a (30 year) loan at an interest rate of 5%.
1) Based upon the above information, how much value (in dollars) can you currently afford when buying home?
2) How much value (in a home) can you afford if you wait until next year if interest rates increase by 1% ?
3) How much value (in a home) can you afford if you wait until next year if interest rates increase by 2% ?
Related Book For
Posted Date: