Oct

2

The Answers

October 2, 2008 | 4 Comments

1. What is the general rule of thumb for the maximum amount you should spend on a house? 
The answer is 2.5 times your household income, but if your debt ratio would rise above 35% including your mortgage, you should pay down debt before buying a house. 28% for the mortgage and no more than 35% [...]

Oct

2

A Quiz

October 2, 2008 | Comments Off

I posted this elsewhere, but I’m going to share it with the two blog readers that don’t visit that elsewhere place:
1. What is the general rule of thumb for the maximum amount you should spend on a house?
2. What is the “Time Value” of money?
3. What is the difference between a Roth IRA and a [...]

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