Which house can I buy?

• When buying a new home, it is very important to start from a budget that is appropriate to our ability to define the search. With this in mind, one of the elements on which we will have to set ourselves in order to establish our budget is our level of revenue.
• When we talk about debt, we mean the mortgage amount plus any other personal loan that could cause our debt level to rise. Following the same example, if our monthly income is EUR 2000 but we are repaying a personal loan of EUR 100 per month, our mortgage should not exceed EUR 500 per month.
• On the other hand, in order to know the price of the house we can buy ourselves, we have to take into account the money we can bring to the entrance.
• In this way, we must bear in mind that banks do not currently usually provide funding above 80% of the value of housing, so we will have to contribute the remaining 20% of our pocket to access the funding.

To be able to calculate the price of the house you can buy automatically, you can use an online mortgage simulator.

Thanks to this tool, new buyers will be able to find out the price of the house that can be bought by only entering their monthly income level and the savings contributed to the operation.