Many people depend on dual income to calculate the affordability of their property purchase. This is highly risky as any one party may lose the income, causing financial difficulty. Read this article.
Tip: when you use dual income to calculate affordability, you should apply a discounting factor for the dual income. I suggest a discount of 30%. You should take only 70% of the dual income to calculate the amount of the property that you can afford to buy.
Tip: when you use dual income to calculate affordability, you should apply a discounting factor for the dual income. I suggest a discount of 30%. You should take only 70% of the dual income to calculate the amount of the property that you can afford to buy.
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