How Much Should You Spend on a House?

If you are like many Americans, you may be thinking that this summer is the summer for you buy a home. But you don’t know how much to spend.

Well, this episode is for you.

Download this episode (right click and save)

Here is the post to which I refer: 8 Costs That Can Turn Your Dream Home Into a Financial Nightmare

And here is this episode’s Money Challenge:

Figure out how much home you can buy. Figure out what 30% of your take home pay it. That is the monthly payment you can afford. And remember, put 20% down and plan on staying there for 5 years or more.

7 Homebuying Mistakes for Millennials to Avoid

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