@[email protected] to [email protected] • edit-21 year agoWhat is the cost of housing in your area?message-square50fedilinkarrow-up176arrow-down14
arrow-up172arrow-down1message-squareWhat is the cost of housing in your area?@[email protected] to [email protected] • edit-21 year agomessage-square50fedilink
minus-squareScewlinkEnglish4•1 year ago1/5th of my annual income with a degree and 6 years degree related experience. It’d be less if I could save up a down payment and get a mortgage.
minus-square@Takumideshlink2•1 year agoA house is 1/5th of your annual income and you can’t save up a down payment? A 20% down payment for you is only 2 weeks of your salary. You could save income of about 6 hours worth of work each week to have a 20% down payment in a year With an FHA loan, a down payment is 0.6% of your annual income.
1/5th of my annual income with a degree and 6 years degree related experience. It’d be less if I could save up a down payment and get a mortgage.
A house is 1/5th of your annual income and you can’t save up a down payment?
A 20% down payment for you is only 2 weeks of your salary.
You could save income of about 6 hours worth of work each week to have a 20% down payment in a year
With an FHA loan, a down payment is 0.6% of your annual income.