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Podcast: Your Financial Pharmacist
Episode: YFP 258: How Much Home Can You Afford?
Description: Tony Umholtz talks through how to determine how much home you can afford. Key Points From This Episode An overview of today's guest, Tony Umholtz. How the real estate purchase market has not slowed down but refinancing has. Why we are in a seller's market. What rate hikes mean and the impact they have on mortgage rates. The impact inflation will have on rates. Why locking as soon as possible is preferable when purchasing a home. What the 28-36 rule is. What banks consider when you apply for a home loan and what factors are more import...