President and you can Co-Founder of Stairways Financial, a good YC-recognized startup one connects earliest-go out homebuyers that have downpayment assistance programs across the Us. Malcolm-Wiley read business economics in the Harvard which is an authorized large financial company.

sixteen.8% from house from the U.S. have a living ranging from $fifty,000 and you can $74,999. So much more households entertain that it earnings group than any almost every other. So that you and a lot of someone else are probably wondering, How much cash house ought i pay for which have a beneficial 50K paycheck?

There is a large number of variables that go toward responding this question: your debts, the debt-to-income proportion, the advance payment matter, and exterior activities instance mortgage interest levels. [Read more…]