Don’t turn a dream home into a nightmare. You must be debt-free before purchasing a new home and your total payment (including tax and insurance) shouldn't exceed 25% of your take-home pay.
In addition, never consider anything but a 15-year fixed mortgage.
If you can't follow the above guidelines you need to rethink the kind of home you can afford or save up more money for a down payment.
It's that simple.
More Debt Management
In addition, never consider anything but a 15-year fixed mortgage.
If you can't follow the above guidelines you need to rethink the kind of home you can afford or save up more money for a down payment.
It's that simple.
More Debt Management
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