Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.

The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.

Enter RENT below:

Rent:

Multiplier: x 1.32

Mortgage payment:

If you have any questions I want to help you find the answers. Just drop me a line and I will get back to you. Thanks for coming to my website.

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