Sunday, February 22, 2015

Confused about salary and mortgage affordability?

My dream home is 500,000. When I look up information online it seems like you nee 200,000 a year to afford that home. I'm including bills, savings, private school for one child etc. Is that income level correct?
Added (1). Thank you. It's 700-1,000 a month. Depending on which one.

Read more: Confused about salary and mortgage affordability?