Monday, December 12, 2011

What is my price limit for buying a home?

I currently have $200,000 to put down on a home. What would be my price limit in total for buying? This will be my first home.|||lucky you...it depends on what you're really looking for in the home...how your credit is and how much of a mortgage and taxes you want to pay...visit some realtors to find out what may be best for you...|||We really need further information to answer this question. You did not tell us what your income is. Basically, take 31% of your monthly income to figure out what you can afford on a monthly basis for your house payments + taxes %26amp; insurance.|||depending on what you're looking at and where you live, you may not need a morgage. If you plan to use one, however, you will want to not spend more on a monthly payment than 25% of what you make **net** per month.

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