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Prairie Eco-Thrifter
JANUARY 16, 2012
However, the particularly American dream of owning a home should still be achievable. The first thing to think about when buying a house (aside from the emotional considerations of making a home) is always the financial aspect. The Definition of Mortgage Insurance. Additional Benefits to Mortgage Insurance.
Prairie Eco-Thrifter
MAY 1, 2013
If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances. Markets and economic conditions change as well.
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