How much house can I afford?


Consider these guidelines to help you see how much house you can afford.





FIDELITY VIEWPOINTS 






– 02/05/2019










Debt management 






Home buying 






Housing 






Home insurance














87% who voted found this helpful















 











 











 











 






















Key takeaways










Save until you have an amount equal to your annual income, and buy a house that is about 4 times your annual income.






If you have significant debt, look for a house up to 3 times your annual income.





 





Homeownership is practically a part of the American dream. Before you start dreaming of a picket fence, take the time to make sure that buying a home is the best decision for y ...

The market commentary material provided is from a third party vendor, MBSQuoteline, and is not necessarily the opinions of the employees or staff of SunTrust Mortgage, Inc. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.









Rates Respond to Central Banks









In April, mortgage rates responded more to the actions and comments of central bankers than to the economic data. The European Central Bank (ECB) and the U.S. Fed had opposite effects, however, and mortgage rates ended the month just a little higher.









At its previous meeting in March, the ECB announced significant new stimulus measures to help boost economic activity and inflation in the eurozone. ECB President Mario Draghi also hinted that more stimulus could be on the way. Investors r ...

Developer plans 134-acre Forsyth project inspired by English and French cities
Aug 11, 2015, 7:51am EDT Updated Aug 11, 2015, 9:20am EDT


North Fulton cities creating city centers to spark redevelopment

Avalon project shows how retail development is evolving
 

id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t"
path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">

















alt="A 134-acre project proposed in Forsyth County would bring the suburbs more development with an intown feel."
href="https://securepubads.g.doubleclick.net/pagead/adview?ai=Br9pR2vzJVdSIOcePhAS79pr4BbG1lqsHAAAAEAEgqZbaHzgAWPGni66vAmDJpsmH4KO0ELIBE3d3dy5iaXpqb3VybmFscy5jb226AQlnZnBfaW1hZ2XIAQnaAcABaHR0cDovL3d3dy5iaXpqb3VybmFscy5jb20vYXRsYW50YS9yZWFsX3RhbGsvMjAxNS8wOC9kZXZlbG9wZXItcGxhbnMtMTM0LWFjcmUtZm9yc3l0aC1wcm9qZWN0LWluc3BpcmVkLm ...

$217,726: That’s What You’ll Save (Give or Take) If You Buy a Home Now



ByRachel Stults
9:00 am ETMay 28, 2015


 

AMC Network Entertainment

 
Buying a home costs money. Lots of money. There’s the down payment and the monthly mortgage payment and the maintenance and taxes and the insurance and… Are you overwhelmed yet?
It might seem like so much that you just want to put off the house hunt and sign that yearlong lease with your landlord (even though he upped your rent 25% and will likely do the same next year).
But this is going to blow your mind: Even with all of those costs, you still stand to save more than $200,000 over the next 30 years if you buy right now.
“But that’s over the course of 30 years!” you say. “I’m thinking about my money right now!” you say.
Well, get this: Wait just one year, and you throw nearly $19,000 in savings do ...

REAL ESTATE
Atlanta home prices on the rise
Slower, healthier growth seen in metro area, back to levels of 2003.
By Michael E. Kanell mkanell@ajc.com  
   As the housing market cruises through the critical spring season, a closely-watched report shows average home prices continuing to rise — though at a slower rate than during the past few years.
 
   Average home prices in metro Atlanta in February gained 5.6 percent from a year earlier, according to the S&P/Case-Shiller Home Price Index.
 
   “It seems to be across the board,” said Greg Kurzner, president of the Kurzner Group in Alpharetta. “There is a lot of demand and a lot of activity.”
 
   Metro Atlanta prices edged up 0.1 percent from January to February, according to Case-Shiller. However, the report’s data was collected before the couple of months in late spring that are key. ...