January 22, 2022

Loans

Its All About The Money

How We Determine Home Affordability Today

13 min read

Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.

There are three main factors that go into determining how affordable homes are for buyers:

1. Mortgage Rates
2. Mortgage Payments as a Percentage of Income
3. Home Prices

Read the full article at https://www.medicalprofessionalhomeloans.com/2020/07/how-we-determine-home-affordability-today/

We’d love to hear from you!

Josh Mettle
Division President & Director of Physician Lending
NEO Home Loans

josh.mettle@neohomeloans.com
801-893-0659
NMLS# 219996
CA-DOC# 219996
Equal Housing Lender

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Source: Medical Professional Mortgage Advice

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