Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 250k house??? I dont want to be in their position where 90% of their income goes to mortgage, without having any savings on hand. what is a proper mortgage payment/income ratio?
Apr 242012
Jan 272012
1)I am planning to buy a new home for the first time . What expenses(payment) would be added to my home mortgage like home insurance, mortgage insurance etc? 2)How can I lower my monthly mortgage? Some of my friends told that I have to pay at least 20% down payment rather than paying those amount [...]
Ok so the loan department took money out of my checking account about 700 dollars that i couldnt spare. Well i wanted to know is it illegal for the loan department to take money out of my checking account if i owe them money for three loans? Well some of my friends say its not [...]
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