A 10% down payment on a $350,000 home would be $35,000.
When applying for a mortgage to buy a house, the down payment is your contribution toward the purchase and represents your initial ownership stake in the home.
The mortgage lender provides the rest of the money to buy the property.
30 Aug 202
Can I afford a 500k house on 100K salary?
A 100K salary means you can afford a house that costs between $350,000 and $500,000. This is because most experts recommend that you spend no more than 28% of your salary on your house. This means that you would spend around $2,300 per month on your house, and have a down payment of 5% to 20%.
“What’s a good credit score for buying a house?”
It’s recommended that you have a credit score of 620 or higher when you apply for a conventional loan. A score below 620 may mean that lenders either won’t be able to approve your loan or may be required to offer you a higher interest rate, which can result in higher monthly payments.
What is the best suburb of Houston?
The best suburbs of Houston are Fulshear, League City, Pearland, Sugar Land, and The Woodlands.
These suburbs are great for families, with plenty of amenities and activities for everyone to enjoy.
If you’re looking for a suburban lifestyle, Houston’s best suburbs are the perfect place to call home.
Is Houston safe at night?
Downtown Houston is one of the safest places in the city. The concentration of sports and cultural institutions means people are there for a reason. Use common sense when walking through the well-lit downtown area, and you should be fine. Stay alert around tourist landmarks; pickpockets are an issue in those areas.
Downtown Houston is relatively safe compared to other parts of the city. This is because there are usually more people around, as well as sports and cultural institutions. As long as you use common sense and stay alert, you should be fine. However, pickpocketing is more common around tourist landmarks.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.