2007-03-04 13:18:09 · 6 answers · asked by Direktor 5 in Business & Finance ➔ Renting & Real Estate
You want a home loan I take it? The general rule is that you can afford a house 2.5 to 3 times your annual income. You make $24,000 per year so you should be able to afford a house that costs between $60,000 and $72,000. Even if a bank would loan you more money than that for a house I wouldn't recommend doing it unless you're sure you can afford it. Also, this is all assuming that you don't have much other debt such as car loans or student loans that you are paying either.
2007-03-04 13:25:50 · answer #1 · answered by k_hart100 3 · 0⤊ 0⤋
Not enough, get a better paying job.
It will also depend on your credit.
I make @ 4000 a month and i only qualify for @ 235,000$ with good credit.
2007-03-04 13:31:12 · answer #2 · answered by mburleigh8 5 · 0⤊ 0⤋
It's bad
2016-07-28 09:21:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can get a loan I did then anybody can go for it good luck
2007-03-04 18:58:02 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
Depends on other factors. Assuming no other debt and no down payment, you could qualify for about $100,000 as a general rule of thumb.
Rick
http://www.fairwaymortgagelending.com
2007-03-04 14:53:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I also have the same question
2016-08-23 20:12:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋