What are the two financial components you must consider before purchasing a home? Why should you consider them?|||Three things - Market Value - length of time of loan (15y - 30y - 45y)
Times the interest charged. Current rates are 5%|||1. take home income. 2. debt ratio. You must be able to afford the house payment, along with property insurance and property taxes, yet still be able to afford essentials liike food, power bills, water bills, any medical expenses, transportation to and from work and still have some left over for unexpected expenses that will pop up.
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