Monday, June 4, 2012

What can YOU afford to spend?

What’s keeping you from buying your dream home? If it’s the money, you aren’t alone. Dan Ryan Builders understands that you work hard for your money and want to help you spend it wisely. So, we have created a formula to help you figure out what you can afford to spend on your new home:
  
To get a general idea of your spending power, simply multiply your annual gross income by 3.5.

For example:
47,000 (annual income) x 3.5= $164,500 (cost of home)*

Now, you have an idea of how much you can spend on your new Dan Ryan home! The next step is to call a sales associate with Dan Ryan Builders to see what we have in your price range. Take the step to home ownership today!

*Remember, this calculation is just an estimate and does not mean you can afford the monthly payment associated with this mortgage.

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