Calculating How Much You Should Spend to Buy a Home

For most of the people, buying a house is the single greatest investment

they will ever make.This decision can have significant

influence on your financial and family life for many years to come. A wrong decision made reverberates in almost all corners of your life.

So it’s important to make sure you can afford the home you want to buy. This includes not only the down /deposit payment and the repayments but also the taxes, insurance and the routine maintenance. At the same time, you have to strike a balance because the numbers aren’t everything. You also have to consider the location (of course) and the comfort factor. You might fall in love with the numbers, but if these other factor don’t work, the purchase could turn out to be a poor decision.

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