Comments on: Buying a House in 2008: How Much Can You Afford?

By: Jay

Jay — Thu, 18 Feb 2010 01:06:25 +0000

My wife and I just bought a home in California last year with Intercontinental Capital Group. They told us to never spend more than 31% of our monthly income on our mortgage. Most banks will lend you more than that, but that’s why our economy is in this state right now.

By: Jason

Jason — Mon, 25 Jan 2010 13:29:55 +0000

If you are interested in selling or buying a house here is a lot of useful information http://www.dreamhomecompany.com

By: sell house fast

sell house fast — Mon, 11 Jan 2010 15:35:33 +0000

Good advice above I definitely agree a clean credit report is essential. If I were to give anyone advice it would be keep saving don’t borrow too much and keep your repayments as low as possible. Don’t rush to get the biggest most expensive house you can.

By: Mont-Royal Carpet Cleaning

Mont-Royal Carpet Cleaning — Mon, 04 Jan 2010 17:30:10 +0000

Great posting , You’ve hit the
mark with this, I just don’t think that people quite get what you’re saying.
I’m not for sure how many people I’ve talked to concerning this very
thing in the past week, and they just don’t understand.

I as well am associated with carpet restoration and it is
a very good thing to see fellows associated this industry with similar mentalities and thoughts
Never the less, Excellent post!

By: 50 Bad Money Habits That Will Leave You Eating ALPO For Dinner | My Super-Charged Life

Wed, 20 May 2009 13:18:19 +0000

[...] many of us catch the “I gotta have it now” attitude. We then come up short when buying a home, paying for college or retiring. Saving too little is a bad habit for many [...]

By: first

first — Fri, 08 May 2009 18:50:48 +0000

what is texas?

By: Cameron Schaefer

Cameron Schaefer — Tue, 11 Mar 2008 02:59:25 +0000

SavingDiva,
I had a look at your blog and it looks like your doing everything necessary to afford a house in the near future, I’m very impressed with your dedication and discipline in saving and cutting costs.

The biggest factors effecting how much you’ll get approved for will be your income, debt and credit score…work at these things and it’ll all fall in place. Subscribe to Schaefer’s Blog so you don’t miss the rest of my Buying a House in 2008 series.

By: SavingDiva

SavingDiva — Mon, 10 Mar 2008 20:35:04 +0000

Great post! I wonder how much I could get approved for…not like I’m planning on buying. I don’t even have $2k set asid for a down payment!

By: Beau Suder

Beau Suder — Thu, 31 Jan 2008 05:30:33 +0000

Hey Cam,
Another good, useful, and informative blog. Keep these ones coming as I suspect that much of your reader base maybe in a similar boat. And those that aren’t should be interested in watching someone navigate the Housing Market right now.
I would like to say, however, that your first step before calling a lender would be to check your credit score and resolve any potential problems. A lender is guaranteed to check your credit score, so you don’t want unnecessary blemishes. Also, have you been able to look for homes for sale in your area that would be interested in owner financing? Seems like there could be a lot of “distressed” sellers right now. Even if its not advertised, you should ask, could save you and the seller lots of money and headache.