How Much Housing Can YOU Afford?
PerFinEx PerFinEx
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 Published On Apr 5, 2024

Are you curious about your real estate affordability? 🏠
In this video, we unravel the complexities of determining how much housing you can truly afford in Germany, whether buying or renting. With German mortgage rates soaring, it's more crucial than ever to ensure your housing choices align with your financial reality.

From deciphering the 50-30-20 rule to calculating the optimal rent-to-income ratio, we explore practical strategies to help you make informed decisions about your housing expenses. Discover the pitfalls of being house-rich but cash-poor and learn how to avoid them by staying within your means.

Join us as we delve into 3 key rules of thumb for assessing your home-buying potential, covering everything from closing costs to income-to-debt ratios. Plus, gain valuable insights into how banks evaluate mortgage applicants, ensuring you're well-prepared to navigate the housing market with confidence.

Whether you're a first-time homebuyer or a real estate investor, this video offers essential guidance for determining your housing affordability and making sound financial decisions. Don't miss out on the opportunity to take control of your housing expenses and achieve greater financial freedom.

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