Real estate professionals often use specific "rules" to help buyers determine if they can afford a home:
: The legal concept of ownership. The Title Deed is the physical (or digital) paper that serves as evidence of that ownership. house buying terms
: The primary contract between a buyer and seller that outlines the price, terms, and conditions of the sale. Real estate professionals often use specific "rules" to
: A guideline suggesting you should have a 30% down payment, spend no more than 30% of your income on mortgage payments, and the home price should not exceed 3 times your annual income. house buying terms
: The legal process of transferring property from one owner to another. 3. Guidelines for Affordability