Buying an apartment requires a lot of time and effort, but what should you do to make the buying process manageable. Lenders generally recommend that people look for apartments that cost no more than three to five times their annual household income if the homebuyers plan to make a 20% down payment and have a moderate amount of other debt.But you should make this determination based on your own financial situation and your bankers advice. We will talk to Spencer Correnti from GuardHill Financial this morning and learn the process.
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