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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.

article thumbnail

How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.