What could I afford ?????????

-If I earn about 15,000 usd a year.

What kindof priced house could I afford to buy(NOT RENT)?



Please give me an exact figure. The deposit would be about 10,000. Another other questions dont ask because I dont know- Im not serious just planning for the future. Please just give me a straight forward answer.First of all, this is a job for your banker. You should set up an appointment to look into setting up a budget that can let you save for this future house you're looking to buy.



Second, without more information I think its impossible to answer your question at all. For instance, what part of the country do you live in? In some states, it can be upwards of $200,000 for a small, 10 year old home. In others, that might buy you a mansion. Also, it may depend on the kind of loan you take out. I'm pretty sure 30 year loans are usual for house buying, but the interest rate is an issue that will effect how much it cost. There are also other things that it would be helpful to know, but again, this is something to talk to your banker about.



Thirdly, at 15,000 a year, I think you may be hard pressed to find a house you can buy at all. Its probably best to start by saving up, and aiming low.