When buying a home lender will consider your overall finances including any debt, your credit score, current salary and security before determining how much they are willing to lend. This benchmark is typically set at 4.5 times a borrower’s salary, this ensures that homeowners can manage their repayments without a heavy financial strain.

The Mortgage-to-Salary Ratio

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  For most people, the mortgage rate they're offered plays a significant role in whether or not it makes sense to buy a home. After all, the lower your mortgage rate, the more affordable your monthly payments generally are — and the less you pay in total interest over the life of the loan. So, waiting for even a slight drop in rates could mean the difference between affording a home purchase and being priced out.At 6.43%, today's mortgage rates...

How much would a $350,000 mortgage cost per month?

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. The average median home sales...

Here's The Average American's Mortgage Payment. How Do You Compare?

GOBankingRates

A report from Clever Real Estate found that 57% of Gen Z respondents would be willing to put in an offer on a fixer-upper home. The report also revealed that 56% would purchase a home with asbestos,...

4 Types of Homes To Avoid Purchasing This Year, According to a Financial Planner

Ohio State

The Motley Fool

When I bought my home in 2021, I paid extra toward the principle every month. Then I did some math and decided to invest that extra money instead.

Here's Why I Stopped Making Extra Payments on My Mortgage

If you’re a homeowner, your mortgage payment is probably your largest monthly expense. So, it’s wise to stay alert for opportunities to refinance your home loan for a lower interest rate and cut your payment. Plus, your financial circumstances and needs today may differ from when you originally got your mortgage.

5 Signs Now is the Right Time to Pay off Your Mortgage

FinanceBuzz

Buying a used car? These 12 crucial questions will help you avoid costly mistakes and catch dealers off guard.

12 Questions Used Car Dealers Hate Answering (But You’ll Never Regret Asking)

Los Angeles County, CA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Herbie J Pilato

It's been 35 years since iconic actress Amanda Blake died of AIDS-related hepatitis on August 16, 1989. Best known as Miss Kitty Russell on TV's long-running Western Gunsmoke (CBS, 1955-1975), Blake was a trailblazer on and off-screen. This is her tragic yet triumphant story.

In Memory of Pioneer Actress Amanda 'Miss Kitty' Blake ('Gunsmoke'): 35 Years After Her Tragic Death

Who was Harvey Glatman? Harvey Glatman, often dubbed the "Glamour Girl Slayer," was an American serial killer active in the late 1950s. Known for his chilling modus operandi, Glatman lured aspiring models with promises of fame, only to subject them to horrific fates. His crimes shocked the nation and highlighted the dark side of the entertainment industry. Why should you care? Understanding Glatman's story isn't just about morbid curiosity; it's a stark reminder of the importance of personal safety and the dangers lurking behind seemingly innocent opportunities. What will you learn? This blog post will dive into 35 intriguing facts about Harvey Glatman, shedding light on his life, crimes, and the impact he left on society. Buckle up for a gripping read that blends true crime with valuable lessons.

35 Facts About Harvey Glatman

Fox Business

Vice President Kamala Harris says she wants to provide $25,000 in down payment assistance to first-time homebuyers, but critics say the plan would only make housing issues worse.

Harris proposes $25,000 down payment assistance for first-time homebuyers — is it a good idea?

rolling out

In today’s economy, financial stability can often feel elusive. Whether due to unexpected job loss, medical expenses, or other unforeseen financial challenges, many homeowners find themselves struggling to keep up with their mortgage payments. This is where asking for a mortgage reduction can become a vital step in maintaining your financial health. By understanding the process and benefits of a mortgage reduction, you can make an informed decision that could potentially save your home and improve your financial situation.

Why you should ask your mortgage company for a rate reduction

A bank with a branch in your neighborhood is the best fit for your cash, right? Maybe not. Learn about the advantages of online banks here.

Forget Your Local Bank: Put Your Savings Here Instead

Colorado State

Who was Dylan Redwine? Dylan Redwine was a 13-year-old boy from Colorado who tragically went missing in November 2012 while visiting his father. His disappearance and the subsequent discovery of his remains sparked a nationwide search and investigation that gripped the public's attention. What happened to Dylan Redwine? Dylan's case took a dark turn when his remains were found in 2013, leading to years of speculation and legal battles. Why is Dylan Redwine's story significant? His story highlights the complexities and emotional toll of missing person cases, especially involving children. What can we learn from Dylan Redwine's case? It underscores the importance of thorough investigations and the relentless pursuit of justice for victims and their families.

35 Facts About Dylan Redwine

Want to pay off your mortgage before you retire? Suze Orman says it's possible if you follow these 12 pieces of advice.

Suze Orman's Best Advice: 12 Simple Steps to Pay Off Your Mortgage Before Retirement

While most student loan borrowers have returned to repayment by now, time is running out for those not making payments to avoid further consequences. After Sept. 30, student loan servicers will once again be able to report missed or incomplete payments to borrowers' credit agencies. That means missing a payment could potentially damage your credit score or be a blemish on your credit report for years to come.

Student loan payment 'on-ramp' ends Sept. 30—missed payments afterward can have serious consequences

Buying a new car can be a frustrating process, but things might go more smoothly if you stay away from these used dealership vehicles.

9 Reasons to Never Buy a Used Car From a Dealership

TheStreet

Christian Widhalm, CEO, Bloom Credit, joined TheStreet to discuss the limitations of traditional credit scoring and the potential benefits of alternative credit data.

Alternative to credit scores could open doors for borrowers

Twickets is changing the game for fans who need to buy or sell event tickets. Founded by Richard Davies, this platform stands out by ensuring tickets are resold at face value, plus fees, preventing scalpers from exploiting genuine fans. With support from big names like Ed Sheeran and Foo Fighters, Twickets has become the UK's largest fan-to-fan ticket resale site. Its user-friendly interface, secure transactions, and ethical approach have led to significant growth and international expansion. By capping resale prices and partnering with artists, Twickets offers a fair, transparent alternative to traditional resale sites, making it a favorite among fans and industry leaders alike.

20 Facts About Twickets

Do you ever find yourself thinking about moving to another country for a more affordable mortgage? While there are many reasons to explore the world, a cheaper mortgage might not be one of them --...

The Average Home Mortgage Payment in 2024: US vs. Canada

Carrollton, TX

Trailer Empire

In a real estate play that rivals his prowess on the basketball court, former NBA star Shaquille O’Neal has swiftly sold his Texas mansion for $1.7 million, just a month after listing it. This rapid sale not only highlights O’Neal’s shrewdness in property investments but also signifies a significant profit from his original purchase.

Shaquille O’Neal Scores Big in Real Estate: Texas Mansion Sold in Just One Month for $1.7 Million

NewsBreak

50 Facts About Mortgage

What is a mortgage? A mortgage is a loan specifically for purchasing property, usually a home. The borrower agrees to repay the lender over a set...

50 Facts About Mortgage

Comments / 0