What are the timelines and challenges associated with flipping houses?

Jun 16, 2011 ... 7 Answers 7 ... Let's start with income $80K. $6,667/mo. The 28/36 rule suggests you can pay up to $1867 for the mortgage payment, and $2400/mo ... Using a percentage of your income can help determine how much house you can afford. For example, the 28/36 rule suggests your housing costs should be limited to ... Affordability is based on your income, outgoings and outstanding debts. To see how much you can borrow, take a look at our mortgage affordability calculator. Jan 7, 2025 ... By using the 28 percent rule, your mortgage payments should add up to no more than 28 percent of $8,333, or $2,333 per month. However, there are ... Nov 8, 2024 ... When you make $5,833 a month in gross income and owe less than about $500 in monthly debt, you can likely afford a $1,633 monthly mortgage ... Use the following calculator to help you determine an affordable monthly payment so that you know what you can afford before you make an offer on the home you ... Calculator. When you're buying a home, it is important to know what to expect from mortgage lenders as they evaluate your eligibility for a home loan ... Find out how much house you can afford and what your monthly payments will be. ... Estimate how much your monthly mortgage payments will be. Mortgage ... Calculate how much house you can afford using our award-winning home affordability calculator. Find out how much you can realistically afford to pay for ... Wondering if you can afford your monthly mortgage payment? Learn how to set a budget to determine how much home you can afford with this article from Better ...