Buying a Home Archives - The Ways To Wealth Personal Finance, Money Management and Investing Wed, 29 May 2024 19:34:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.thewaystowealth.com/wp-content/uploads/2023/06/cropped-favicon-1-32x32.png Buying a Home Archives - The Ways To Wealth 32 32 Is Dave Ramsey Right About How Much House You Can Afford? https://www.thewaystowealth.com/money-management/how-much-house-can-i-afford/ https://www.thewaystowealth.com/money-management/how-much-house-can-i-afford/#comments Thu, 17 Mar 2022 07:53:00 +0000 http://www.thewaystowealth.com/?p=1634 Dave Ramsey has a number of “rules of thumb” for managing your finances. Arguably, his most important rule answers the following question: “How much house can I afford?” We spend a significant portion of our income on housing, so it’s important to answer this question correctly. A recent Federal Reserve study found that the cities that suffered the most severe impacts from the 2008 financial crisis were those with the highest average personal debt-to-income ratios. And one common trait shared by residents of those areas was that they bought too much house. With almost half of U.S. households carrying credit […]

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]]> https://www.thewaystowealth.com/money-management/how-much-house-can-i-afford/feed/ 4 How to Save For a House: A Step-by-Step Guide https://www.thewaystowealth.com/money-management/how-to-save-for-a-house/ https://www.thewaystowealth.com/money-management/how-to-save-for-a-house/#respond Wed, 14 Jul 2021 09:00:00 +0000 https://www.thewaystowealth.com/?p=7034 If you’re after the classic American dream of owning a home, you’ll need a down payment — money you bring to the table in order to qualify for a mortgage. Depending on the type of mortgage you go with, this can be quite a chunk of change. In this article, we’ll go over exactly how much to save for a down payment and run through a few handy tricks for speeding up the process.  5 Things to Know About Saving for a House How to Save for a House: Step-By-Step Guide Step #1: Set a Specific Goal Before you set […]

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