Budget For Home Owning

First, determine your budget. Avoid basing your budget on the maximum amount you may be able to borrow. A good rule of thumb when determining what homes fit within your budget is to not buy a home that’s more than 30% of your household’s gross monthly income.


When determining your budget, factor in these additional expenses:

An insurance company can help determine this cost. Talking with a company you have other policies through, such as your car insurance, may help you qualify for a multi-line discount because packaging policies together typically helps save money.
An insurance company can help determine this cost. Talking with a company you have other policies through, such as your car insurance, may help you qualify for a multi-line discount because packaging policies together typically helps save money.