EC Financial Consulting

Not sure where to start finding money for ? These small changes can help you knock out your starter emergency fund! 💪

This includes the principle, interest, taxes, insurance and HOA fees too.

A lot of people will be upset by this advice, but you don't get a pass on math because of where you live. I've seen a lot of people do a lot of stupid stuff with real estate, and I do NOT want you to be house poor.

If you don't make enough to live in an area where the real estate is expensive, that means you don't make enough to live in an area where the real estate is expensive... and that's OKAY. One day your math may look different, but if you're trying to fudge the numbers now, you'll regret it later when you have too much month left at the end of your money. Don't hurt yourself financially because you feel like you've got to try to keep up.

There are a LOT of real estate agents looking for a higher commission, and a lot of mortgage companies looking to lend you WAY more than what I'm advising. Don't take their word for it. Just because they're willing to lend you a high amount doesn't mean that's how much you should borrow. Do your own math and think about this in detail. I want you to own your home, NOT let your home own you. You need the other 75% of your take-home pay to cover the other areas of your budget and make progress toward your future. Owning your home and getting it paid off is a vital part of having a successful financial future.

🏡 My team has an awesome Mortgage Calculator that can help you figure out exactly how much house you can afford. Check it out: https://bit.ly/3rUXA6G