FAQ > Qualifying payments > How much of a payment can I afford?
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The first step in answering this question is working out a budget. Sit down and look at your monthly net income and your monthly net expenditures. How much can you afford to spend on a house each month? Once you have that number, then you can work from there to determine your maximum sales price. You will get tax deductions from purchasing which will help in this area.
Last updated on May 6, 2010 by Alex Jaffe