Frankly Speaking

One of the basic amenities of life is Shelter. Thus acquiring a home could easily be one of the most important financial decisions or biggest investments one could ever make. Hence adequate diligence is required towards purchasing what would be the right home that meets your needs, budget, and general living. Otherwise, you may find yourself in a financial quagmire that is beyond you.  So, before you punch in those numbers for that home, here are the necessary and important points you must check.  • How much house can you afford?  According to an American personal finance company, Nerdwallet, the 28%/36% rule should be adopted when purchasing a home. This rule dictates that one never spend more than 28% of their monthly gross income on home-related costs and 36% on total debts.  Before you go on that house hunting, make sure to take some time to put into consideration, your daily, monthly, and annual expenses, debts if any, and overall income, because, granted the banks might agree to