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Budgeting

Real Estate
How Much Should I Spend On My First Home? How Much Should I Spend On My First Home?
How Much Should I Spend On My First Home? One of the biggest questions for first-time homebuyers is, "How much can I afford?" Before you start looking for a home, you should absolutely have your budget in mind. You don’t want to fall in love with a home that’s out of your price-range only to be disappointed that you can’t afford it. Here are some tips on how to determine your home-buying budget. Can you use your rent as a good indicator of a monthly payment? When determining a budget, there are two questions: What can I afford to pay every month? And, what can I afford to purchase? Some buyers might start their search thinking t…

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