How much money will i have to make a year to afford a $300-350,000 home in South East MI?

Answers:1   |   LastUpdateAt:2012-09-03 04:15:04  

Question
Katalina
Asked at 2012-08-21 00:45:03
Does anyone know what kind of income i would have to have to afford this? Also having to pay tax, cars, insurance etc. Thanks.
Answer1rennieAnswered at 2012-09-03 04:15:04
I would check a financial calulator to see what happens . Besides , would not let his revenue ratio is about 25-27% debt , this is on the conservative side , but gives you some security in their finances . Also the amount of income needed for a home down payment varies . If you have less than 20% unless the bank could force you to have private mortgage insurance . MedlinePlus Here is a calculator that cna play to see the entries that need http:// cgi . money.cnn.com / tools / houseaffo
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