Question

Which of these factors can influence the type of home you can afford ___. a. expected increases and decreases in income b. condition and price of the home you are interested in buying c. The amount of money you can apply towards a downpayment d. all of the above

Answer 1

The factors that could influence the type of home you can afford include A) expected increases and decreases in income, B) condition and price of home you are interested in buying, and C) the amount of money you can apply towards a downpayment. 

Answer 2

The correct answer is D) all of the above.

The factors that can influence the type of home you can afford are expected increases and decreases in income, condition and price of the home you are interested in buying, and the amount of money you can apply towards a downpayment.

That is why is so important to do the numbers before signing any contract. In your decision-making process, you should consider all the mentioned above and, the projections in the economy in the short and medium-term, and enough money in your bank account to prevent any undesired situation.