Posts Tagged ‘Don’t Buy a Car – or Did You?’
How Buying a Car Reduces Your Purchase Price
Suppose you earn $5000 a month and you have a car payment of $400. At current interest rates (approximately 8% on a thirty-year fixed rate loan), you would qualify for [...]
Debt to Income Ratios and Car Payments
When determining your ability to qualify for a mortgage, a lender looks at what is called your “debt-to-income” ratio. A debt-to-income ratio is the percentage of your gross monthly income [...]
When Income Grows and You Want to Buy Stuff
When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind.
The desire to [...]
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