Don't bite off too much house - 2004-01-26
Thirty years ago, first-time home buyers were often told to maximize as far as they possibly could to acquire a house. Back then, that advice made some sense. Today, it can be a recipe for disaster.
What’s more, you can’t count on your real estate agent, a mortgage loan officer, your friends and family or an Internet calculator to know what you can really afford. That’s a decision you have to make yourself after reviewing your finances, your future obligations, your goals and your gut.
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