Is Home Buying For You?
Published on Nov 24, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
IS THIS THE RIGHT DECISION?
- Are you financially ready?
- Do you know your monthly payments?
- Can you handle minor maintenances?
Buying a home is a big commitment and I advice you to consider a few important criteria before starting out for house hunting.
Beside being a biggest financial decision, it also is a biggest emotional decision.
Making sure you understand the responsibilities well, ask a REALTOR(R) to help you. Buyer services are usually provided free of charge and buyers get professional consultations.
Your comments and feedback are appreciated.
Paul Cheema.
Beside being a biggest financial decision, it also is a biggest emotional decision.
Making sure you understand the responsibilities well, ask a REALTOR(R) to help you. Buyer services are usually provided free of charge and buyers get professional consultations.
Your comments and feedback are appreciated.
Paul Cheema.
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FINANCIALLY READY?
- Know your monthly liabilities
- Make sure you included study loans as well
- Remember car/life insurance
- Don't include rent as income
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GROSS DEBT SERVICE RATIO
- 32% of gross monthly income
- That is combined Principal interest,taxes, & heating
- For condos include condo fee as well
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TOTAL DEBT SERVICE RATIO
- 40% of gross monthly income
- Includes all cards,loans, leases
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