NewBuyer Blog

How Much Can You Spend For Housing?

Posted by NewBuyer on December 7, 2009 | No Comments

A detailed, yet easy-to-use tool to see how much money you can spend for housing. The calculator has two parts. The first part calculates how much of a mortgage payment you can afford with your current expenses. The next part will give you future numbers as it factors in the expenses your new home will present.

Sample results from the resource: “Based upon the values you have entered, you will (will not) have enough money to cover the cost of the house you want to buy.”

Source: Kiplinger.com

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Can I Afford to Buy a Home? And Do I Want To?

Posted by Elizabeth Dennis on November 23, 2009 | 2 Comments

One of our favorite looks into the question; “Can I afford a home?” The resource suggests “before you start worrying about how much you can spend on a home, you need to figure out how much you want to spend on a home.” Learn how to track housing and non-housing expenses, define your savings goals, figure in your credit rating and weigh the potential sacrifices of home ownership.

Source: FiLife

Read More About Home Affordability at Newbuyer.com