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

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. The 28/36 rule is a common mortgage budgeting guideline.

article thumbnail

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

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. The 28/36 rule is a common mortgage budgeting guideline.