One thing to note here too is that if you're buying a house on a conventional loan and put down more than 20%, you typically won't have to pay PMI.
@TommyBryson10 ай бұрын
That’s very true
@HighIntentions-10 ай бұрын
Very informative, you got yourself a new subscriber 👍🏼
@TommyBryson10 ай бұрын
Thanks brother
@classy_c888 ай бұрын
Was hoping to buy to, but I’m very glad I saw your video! Very informative!
@kaylaclaire393010 ай бұрын
You legit made me laugh when you said "so, is this good or bad? it's terrible!" 😂 great video super helpful as I'm hoping to buy a place this year
@TommyBryson10 ай бұрын
lol 😂 glad this helped
@mslezinskyify9 ай бұрын
Thanks Tommy 😊 needed this
@aaronhutchinson88510 ай бұрын
Good breakdown and info to consider. Most people, in this generation may never 'own' thier home. Unfortunately.
@tomisluvcarraway648110 ай бұрын
Thanks Bryson
@TommyBryson10 ай бұрын
Got you 😎
@tehutizephaniah26274 ай бұрын
Simple and informative 😊
@AFocusedLiving10 ай бұрын
Appreicate these vids😊
@TommyBryson10 ай бұрын
Thank you 🙌
@robertriofrio227610 ай бұрын
Thanks!
@TommyBryson10 ай бұрын
🙌😎
@tr1bes29 күн бұрын
It's not how much one can afford but how much that individual/family can endure with possible outcome through no income per certain periods. Does that individual has backup saving through a dry spell? An individual can make six digit income but has no savings and gotten fire, how is that individual going to make ends meet?
@marvelordc682710 ай бұрын
90k a year to own a 350k house ?
@TommyBryson10 ай бұрын
More like 105k after taxes
@Lumpia_In_Texas10 ай бұрын
Also depends on the property taxes! Nobody talks about those pesky property taxes!
@dnah0210 ай бұрын
Level up the income as much as possible.
@ericg909210 ай бұрын
@@Lumpia_In_Texas True! Especially if you're in a high property tax state like Texas. I bought a new construction in Keller and watched my property taxes go from $3k to $8k in 7 years!
@alexhein63865 ай бұрын
For us Los Angeleno’s houses are like for billionaires in todays world
@dnah0210 ай бұрын
35 percent no no no 30 or less but closer to 25 but you need that 20 percent down or more. And low ball the offer as best as possible.
@TommyBryson10 ай бұрын
33% because you include all the expenses
@dnah0210 ай бұрын
@@TommyBryson my wife and I are saving up for a home no more than 350k in about 3 or 4 years we may buy. I think our take home should be in the 7 to 8k range by then. For now we have about 110k saved but we are still visiting and learning about the area we want to potentially live in.
@TommyBryson10 ай бұрын
@@dnah02 thats awesome and thats a solid down payment. Also very wise to continue to look at the area. However you may need even less time to be able to buy, with the amount of cash it sounds like you guys have managed to save
@dnah0210 ай бұрын
@@TommyBryson One of the of the reasons why I want to increase that income is to have more cash to make extra payments to pay off the home as fast as possible.
@TommyBryson10 ай бұрын
@@dnah02 Do you guys have kids or plan on having kids soon? thats also a factor to consider. To buy a home and start having kids and just take bit longer to pay off the home is not a bad outcome either. my point is to consider the price ( not just monetary ) you are paying for the things that you want
@LilMissSwager072310 ай бұрын
I wish a livable 350k house was even available in my market. NYC is a different beast 😢
@TommyBryson10 ай бұрын
Definitely is, sometimes it makes sense to move and not just because of the finances but also the quality of life
@dongordito009 ай бұрын
So is Boston.
@Austin.81507 ай бұрын
Broke ass
@IMakeHitzRichardson10 ай бұрын
Bro why you not explaining people about making principal payments
@TommyBryson10 ай бұрын
Capital payments help you pay faster; however this video is about affording the house.
@wiseman672310 ай бұрын
Fix the interest rate , this is misleading to people damn .. KZbinrs could care less about people …. Rates are not 5percent
@TommyBryson10 ай бұрын
Brother, rates can be 15% it doesn’t matter. This video is not about interest rates, it’s about buying something that fits your budget. And when you run the numbers it will tell you. Imagine you watching this in 12 months, rates change. Principles don’t.