House hunting within a budget - Video
Published October 21st, 2008 in FinanceHouse hunting within a budget from CNNMoney.com
CNN/Money posted this short video with tips for buying a home on a budget. We’re a little suspicious of such advice followed by a Porsche commercial, but the pointers are useful. Some highlights:
- Shop for a home priced about 2.5 times your combined annual income
- Be conservative when securing a loan–try to put at least 10-15% down to get a better rate and lower your payments
Plus, check out their mortgage calculator to see exactly what you can afford to buy.