Are You Ready To Buy?
If you rent the home you live in, the right planning could enable you to buy a home.
To discover your homebuying potential, calculate your:
- Income,
- Savings,
- Monthly expenses, and
- Debt.
These factors determine how big a loan you can afford and how buying a home will affect your monthly budget.
Use the worksheets below to calculate your finances. Print these pages, and fill in the blanks. When you are done you will have a total for each of the four categories listed above. Later you can use these numbers in the Affordability Calculator to determine how much house you can afford.
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