Can I Afford a House?

In this video, we explore how to determine if you can afford a house. Affording a home depends on factors like income, savings, expenses, credit score, and market conditions. We break down key steps, including calculating your income and expenses, assessing your savings for a down payment, understanding mortgage affordability, and checking your credit score. 00:00 Introduction 00:16 1. Calculate Your Income and Expenses 00:30 2. Assess Your Savings for a Down Payment 00:46 3. Understand Mortgage Affordability 01:04 4. Check Your Credit Score 01:16 5. Include Additional Homeownership Costs 01:28 6. Research Home Prices in Your Area 01:38 7. Get Pre-Approved for a Mortgage 01:48 8. Consider Future Financial Stability 01:59 9. Evaluate Alternative Options