If you are a renter, you might be wondering how much mortgage you can afford.A� Please use the Rent vs. Buy calculator on my website to figure out what you can afford.A� I thought the following information was interesting, so I am sharing it with you.A� It is reprinted with permission from the National Association of REALTORS and reprinted from REALTOR Magazine Online.
The following calculation assumes a 28% income tax bracket.A� If your bracket is higher, your savings will be, too.A�
Multiplier:A� X 1.32
Mortgage Payment:A� __________________
Because of tax deductions, you can make a mortgage payment – including taxes and insurance – that is approximately 1/3 larger than your current rent payment and end up wtih the same amount of income.A�
Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too.A� Right now, if you are a first time home buyer you can take advantage of the $8,000 tax credit available.A� You must hurry, because it ends in April!A� Call me today so we can get started. prednisolone eye drops no prescription http://www.stylecommerce.com/buy-lynoral-online/ where to buy lopressor Cheap