Rayford Realty Group

Just listed
4 bed, 2.5 baths
Located in Cypress

7914 Cypress Myrtle Dr, Cypress, TX 77433 - HAR.com For Sale: 7914 Cypress Myrtle Dr, Cypress, TX 77433 ∙ $370,000 ∙ 0.11 Acres Lot ∙ 2,460 Sqft, 4 beds, 2 full and 1 half baths, Single-Family ∙ View more.

The magic number of home buying...

There's one crucial number you absolutely need to know – and it's not just your credit score. It's your 'magic number' for home-buying affordability.
Financial experts advise keeping your mortgage payments at or below 28% of your pre-tax income if you're carrying minimal debt.

But if you've got other financial obligations, the game changes. Now, it's about ensuring your TOTAL debt payments – spanning from your mortgage to student loans and credit cards – don't surpass 36% of your pre-tax income.

Say you're bringing in $5,000 each month. According to the 28% rule, you could earmark up to $1,400 for your mortgage assuming no other debts exist. But if existing debts demand $600 monthly, the 36% rule nudges you to adjust your mortgage budget to $1,200, aiming to cap total debt payments at $1,800 or less.

That's the magic number! It's the number that ensures you can live comfortably while owning.

So, what's your magic number?

Send me a message - I can recommend a great lender to help you crunch exact numbers

Robert Lopez

📧[email protected]
☎️832-797-5746
8777 W Rayford Rd. #102 The Woodlands, TX, 77389

🌟 Happy Labor Day! 🌟

Celebrate the spirit of hard work and dedication today.

Robert Lopez

📧[email protected]
☎️832-797-5746
8777 W Rayford Rd. #102 The Woodlands, TX, 77389