Prepare to buy a house by following the 3/20/30/40 rule: Do not buy a house more than 3 times the annual income, understand its complete mathematics.
Creating a financial plan before buying a home is like designing a blueprint for the house. First time home buying with a right plan keeps you away from financial troubles and stress. The 3/20/30/40 rule is for first-time home buyers. Here’s how we know how it works: Now let’s understand this with an example… Don’t…