Housing costs and the purchase price?
My girlfriend and I are looking for our first home, we make $ 80,000 before taxes combined, I have no debt and has a student loan debt of about $ 40,000 paying monthly. What price range should be looking inward saw a house that we like about $ 271,000, we have about 55,000 for the down payment. Will we be able to pay the mortgage and other expenses related to the house or going to be the home of the poor? If we buy a 271, and because money that leaves us with no money to buy furniture and other necessities. Please help …. Thanks in advance … I am also thinking of proposing and buy the ring, how much should I spend?, Remember, I make 40,000 a year, $ 2,000, a month after taxes. Moreover, I have a great credit it in 750 years is 650. Each and all help appreciated.
It is a good time to buy, and you should be able to negotiate the price downwards if the place has been on the market any time at all. However, do not buy more house you can afford easily. Not more than 1 / 4 to 1 / 3 of monthly income should go to housing expenses (mortgage, taxes, insurance, utilities). Do not over extend yourself. It's smart to pay at least 20% down and when avoid PMI, you really eat your monthly payments that otherwise would go to build equity. As for the ring, maybe the two of you should talk about priorities. Ring Is houseor new furniture? Hard to do both things at once. Sometimes you can get good deals on old rings. Gold price is soaring at this time and the jewelry prices are incredible. If you buy your home, maybe you should start with your existing furniture, not a room a year or so? Also check bargains in the sales of goods and the auction of quality parts.
Loan Modification 1 – Home Mortgage & Real Estate Marketing Nov08 – Recession, Treasury & TARP
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