When should you lessen your residential property losses?
Take note that as rules of thumb, your property should not be valued at significantly much more than five times your yearly household revenue, and should not acquire monthly home mortgage repayments that, with outstanding obligations, meet or exceed 50 percent of your regular monthly source of income. If your salary situation changes, and you’re receiving a lot less, you may find your property is now taking up a risky amount of your finances. You may be not able to save or spend appropriately, once covering the cost of your property.
Look into Property Wiki to find out more.
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