How Much House Can You Afford? | Practical Money Skills

 

How Much House Can You Afford?

A house is a major investment that will affect your financial future. Before you start looking for a new home, determine how much house you can actually afford.


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A Note on Private Mortgage Insurance (United States): You will also need to pay Private Mortgage Insurance (PMI) if the amount you owe on your home is more than 80% of the value of the home.

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