New Home Myrtle Beach: How Much Can You Afford

new home myrtle beachAre you interested in learning more about homeownership costs. There are many things you need to know. Mortgage calculators are great, but it is important to do some research to understand your options for financing. Before you determine exactly how much you can afford to spend for a new home Myrtle Beach, here are some things to keep in mind.

Tips For Building A New Home Myrtle Beach 

Understanding the 30 Percent Rule

The 30 percent rule is a great way to estimate how much you could afford for your new home construction. This means that your monthly mortgage payment should not exceed 30 percent of your income before taxes. This rule is applicable to both renting and homeownership, so it might be familiar even if you aren’t a potential new homeowner.

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