Second Time Home Buyer Loans If you’re looking for a home mortgage for the first time, you may find it difficult to sort through all the financing options. Take time to decide how much home you can actually afford and then.
How Much Can House Can I Afford How much house can I afford? A standard rule for lenders is that your monthly housing payment (principal, interest, taxes and insurance) should not take up more than 28 percent of your income. However, home affordability is about more than just how much you can borrow.