House Buying Terms ✭

When people refer to the "papers" for a house, they usually mean the documents that prove you own it or the legal contract used to buy it.

: Most lenders prefer your annual income to be between $100,000 and $125,000 to approve a $400,000 mortgage. Essential real estate terms you should know | Opendoor house buying terms

Real estate professionals often use specific "rules" to help buyers determine if they can afford a home: When people refer to the "papers" for a

: A framework suggesting you have three months of living expenses saved, three months of mortgage payments in reserve, and have compared at least three properties. 000 and $125