By BOB and DONNA McWILLIAMS, For The Capital
By BOB and DONNA McWILLIAMS, For The Capital
Capital Gazette Communications
Published
09/05/10
When someone contemplates the purchase of a house, the first question they usually ask themselves is probably "Can I afford this?" But affordability can be defined in many ways. The primary consideration for most people is the price of a house. However, a complete assessment of affordability would include several other factors. Chief among them would be the buyer's income and mortgage interest rates.
In purchasing a big ticket item like a car, boat or house, chances are that you'd be financing such a purchase. Most of us don't have $35,000 to plop down on a car, let alone $400,000 or so to buy a house. Car...
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