Interstellar_1@pawb.social to Asklemmy@lemmy.ml · edit-210 months agoWhat is the cost of housing in your area?message-squaremessage-square57fedilinkarrow-up179arrow-down15
arrow-up174arrow-down1message-squareWhat is the cost of housing in your area?Interstellar_1@pawb.social to Asklemmy@lemmy.ml · edit-210 months agomessage-square57fedilink
minus-squareScew@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·10 months ago1/5th of my annual income with a degree and 6 years degree related experience. It’d be less if I could save up a down payment and get a mortgage.
minus-squareTakumidesh@lemmy.worldlinkfedilinkarrow-up2·10 months agoA house is 1/5th of your annual income and you can’t save up a down payment? A 20% down payment for you is only 2 weeks of your salary. You could save income of about 6 hours worth of work each week to have a 20% down payment in a year With an FHA loan, a down payment is 0.6% of your annual income.
1/5th of my annual income with a degree and 6 years degree related experience. It’d be less if I could save up a down payment and get a mortgage.
A house is 1/5th of your annual income and you can’t save up a down payment?
A 20% down payment for you is only 2 weeks of your salary.
You could save income of about 6 hours worth of work each week to have a 20% down payment in a year
With an FHA loan, a down payment is 0.6% of your annual income.