Quote:
Originally Posted by ranchlandsselling
In my experience most people understand what amortization is and realize their house needs to be paid off. With that they try to buy the amount of house they can affoard based on the overall payment.
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Pretty much how I operated when I just got my place. I knew what was comfortable, and I knew what I could handle if I really, really wanted to stretch. I went the comfortable route and plan on putting money to my loan every year.