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The choice between buying a home and renting one is among the biggest financial decisions you'll ever make. Scope Realty is a top-ranking real estate firm in New York City, our talented property experts will help you navigate the market and find a place you can call home.
Want To See How Much House You Can Afford
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt.
But you should make this determination based on your own financial situation. Use this Affordability Calculator to see how much house you can afford. Check out this video to see the choice between buying a home and renting.