How Much House Can YOU Afford in 2024? (By Salary)

How Much House Can YOU Afford in 2024? (By Salary)

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“How much house can I afford?” That’s a tough question in 2024. With mortgage rates moving every month, you could either be stuck with a modest one-bedroom or a mansion, depending on whether you get a three-, six-, or nine-percent interest rate. So, we’re doing all the hard work for you and showing you EXACTLY what you can afford based on your income, down payment, and mortgage rate, PLUS how you can get even MORE mortgage firepower on your home purchase.

But we’re not just guessing. We have two actual mortgage brokers on the show to walk through how this math works, how much you can afford, and why mortgage rates can make a MONUMENTAL difference in purchasing power. And you could be pleasantly surprised—you may be able to afford more than you think.

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How Much House Can I Afford? 14 Factors to Consider:
https://www.biggerpockets.com/blog/afford-invest-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
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00:00 How Much House Can I Afford?

01:00 Sponsor: Vacasa!

01:51 How Preapprovals Work

03:35 Get Preapproved for MORE

05:22 $50K/Year Income

07:32 $90K/Year Income

09:12 $150K/Year Income

10:49 Afford MORE House

11:24 Work with Christian and David!


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