If you make $65,000 a year you need to keep in mind what the banks thought process when they are considering lending to you. The industry standard (pre housing bubble) was to only accept borrowers with front and back end debt ratios of 28/36. This means that only 28% of gross income should go to servicing housing costs with no more than 36% tied up servicing all debt. A good way to calculate the high end of what you can afford is to take your annual salary and multiply it by 3.5. In your case this means you should be able to afford a home valued at $227,000. Assuming you make a 20% down payment which is what you should be doing (or you will need to take out insurance at the banks request) this means you still will need to borrow $182,000. If you amortize over 25 years and lock in a fixed rate mortgage at 5% this means your monthly mortgage costs will be $1,058.53. With a salary of $65,000 a year this means you are getting $5416 a month before taxes meaning you will be using about 20% of your monthly income just on your mortgage. This puts you firmly under 28% but don`t forget to factor in property taxes (0.5 to 4% annually), home owners insurance, utlities and other expenses and you will quickly be challenging that 28% rule. Anyways, that should get you started so good luck.

Was this answer helpful? Yes | No

Monthly payments are the size and term of the loan.Size is basically the amount of money borrowed and term is the lenght within which the loan is fully paid back For 80,000 annual saving you must have an etrm of thirty years So that you can easily give the required monthly amount including the interest rate of the borrowed amount i think it is easy for you to take an amount of 450,000

Was this answer helpful? Yes | No

iwant to know that me and my husband were making about 25,000 per year and we got one child how much we getting return this year

Was this answer helpful? Yes | No

you will need to speak with a solicitor - regarding joint property remember it is hers as well, you need a solicitor to settle what property is yours and hers. unless you have proof of purchase meaning receipts.

Was this answer helpful? Yes | No

the most easy and effectiev way to know Where can you find the best new home builder in Philadelphia, Pennsylvania to help you build and design your dream home is to use internet facility . By sitting in your home you can easily find the answer of this question that which home builder companies are working now days and which company is fullfiling your requirements of getting your dream home . Or you can use facility of internet which will tell all thier offers in your required branch area . So contact to internet as soon as possible my friend. But its totally depends upon your wish either you want to do this job by siiting at home or by physically going there but i thnk internet is best option.

Was this answer helpful? Yes | No

Approximately $700.00

Was this answer helpful? Yes | No

You`re in the 33% tax bracket, BEFORE adjustments to your income. With enough itemized deductions you could lower your tax bracket quite a bit. Talk to a tax adviser for suggestions on how to improve your tax liability. Yeah, 30-35% is pretty accurate for TOTAL taxes. Having the kids does make it lower....without them you might be looking at 40% and it may also work. good luck

Was this answer helpful? Yes | No

It depends on the law in your state. Most states only require a mere 30 day notice if your sibling lived on your property without a formal lease.

Was this answer helpful? Yes | No

25% per pay chech

Was this answer helpful? Yes | No

A person can receive a home loan till the time he has a fixed income up to 10 to 15 percent of the total down payment for the house . make sure that the amount of money you pay towards the mortgage is less than thirty percent of your total income or salary . Consider your other financial commitments as well .

Was this answer helpful? Yes | No