Comments on: How much house can you afford?

By: Ooops! She broke the 25% Rule …. « How to Make 7 Million in 7 Years™

Ooops! She broke the 25% Rule …. « How to Make 7 Million in 7 Years™ — Fri, 29 May 2009 11:47:44 +0000

[...] and used the freed up equity as a deposit against a smaller/cheaper place that fits closer to the 25% income Rule, and then used the money saved on mortgage payments (100% of it!) to finally start to build your [...]

By: What to do when you are upside-down on your mortgage … « How to Make 7 Million in 7 Years™

Tue, 12 May 2009 07:38:50 +0000

[...] – is upside down on his mortgage; if you can’t afford the payments (and, I have some guidelines to help you decide when that point has been reached), then I would generally suggest that no matter [...]

By: Insure your future? « How to Make 7 Million in 7 Years™

Insure your future? « How to Make 7 Million in 7 Years™ — Tue, 05 May 2009 13:08:32 +0000

[...] Pay cash for your cars, don’t acquire credit card debt, buy your own home, obey the 25%/20%/5% [...]

By: real rich, real simple « How to Make 7 Million in 7 Years™

real rich, real simple « How to Make 7 Million in 7 Years™ — Thu, 30 Apr 2009 08:51:11 +0000

[...] Cash Cascade, but keep your mortgage (lock in to current low rates) subject to the 20% Rule and the 25% Income Rule and seriously think about keeping your other cheap debt [...]

By: Avoiding a one-way ticket to misery … « How to Make 7 Million in 7 Years™

Mon, 27 Apr 2009 08:29:10 +0000

[...] – House: presume that you’re going to pay cash for this, and put no more than 20% of your expected ‘Number’ into the house; if you actually intend to buy so much house that you can’t pay cash (sucker!) then you MUST apply the 25% Income Rule, [...]

By: 7million7years in the ‘news’ again! « How to Make 7 Million in 7 Years™

Sat, 25 Apr 2009 08:25:22 +0000

[...] The final secret is to learn the lessons of money early and stick to [...]

By: Cash Cascade your car? « How to Make 7 Million in 7 Years™

Cash Cascade your car? « How to Make 7 Million in 7 Years™ — Tue, 21 Apr 2009 09:00:13 +0000

[...] the other hand, a refi may do the trick … but, you need to watch both the 25% Income Rule and the closing/refi costs, which are likely to push you well over the 5% if amortized over the [...]

By: Where do all these rules come from? « How to Make 7 Million in 7 Years™

Where do all these rules come from? « How to Make 7 Million in 7 Years™ — Mon, 23 Feb 2009 10:14:30 +0000

[...] http://7million7years.com/2009/01/12/how-much-house-can-you-afford/ [...]

By: How much house can you afford? « How to Make 7 Million in 7 Years™

How much house can you afford? « How to Make 7 Million in 7 Years™ — Sun, 22 Feb 2009 09:12:09 +0000

[...] I have no rules for your first home, other than not breaking the 25% Income Rule (this video talks about 28% … my rule is post-tax, but this video doesn’t specify [...]

By: Mark

Mark — Tue, 20 Jan 2009 05:36:55 +0000

@Jeff – I’m in the same boat but not looking for foreclosures, short sale or REO properties. Let’s discuss more on our up coming posts.