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America's five least affordable metros, led by Los Angeles, require the typical household to make a staggering downpayment if ...
The way annuities affect Social Security benefits may surprise you. Here's how they interact and what to watch for.
Your DTI compares your total monthly debt payments to your monthly pre-tax income. In general, you shouldn’t pay more than 28% of your income to a house payment , though you may be approved with ...
So, if you spend $500 a month on credit card and auto loan payments and your monthly pre-tax income is $2,000, your DTI is 25%. On a conventional mortgage, ...
The study was focused on the pre-tax income need to afford a median-priced, or “typical” home. “Using median home sale price data from Redfin, homeowners insurance data from Quadrant and ...