If someone Bought a Million Dollar Home?
how much would their yearly income enjoy to be approximately to qualify?Answers: If you bought the home with brass you wouldn't have to hold a job. So you could technically formulate nothing.
Let's speak you put 20% down which would be a $200,000 down payment. Then you get a 30 year fixed rate at 6% so your payment would be $6000/month Experts say-so you should only put 30% of your income toward your mortgage so you would have need of to be making about $250,000/year.
Note: That 30% is not hte manditory income. It is what experts recomend. Most bank are not that conservative though. So I would imagine you could clear a little smaller quantity than that and still get approved. Although you might find yourself somewhat pinched each month if you are paying more than 30% of your income.
Around $300-350K to fit the "ideal" wall standards-- think 3x your income is what you qualify for, idealy. Few race really fit that.
How will you spend your rebate check that be passed today contained by the Senate? .?
That won't cover much of the taxes that I owe and I will have to borrow to earnings the rest.Answers: Better save it for the import tax increase that is going to come to aid pay for the intrest on the 161 billion dollars that the govt is going to borrow to cover the rebate...kinda stupid huh?
Use it towards closing costs or a down payment on a house/condo. Thanks to adjectives the foreclosures, the prices are dropping like flies!
Not sure if that's what the Senate designed by "boosting the economy", but it'll certainly boost mine.
An even better cross-question. How many of you who didn't compensate any taxes are going to do the right thing and convey it back?
I do peoples taxes during this time of year for some side income and I'll bring up to date you what I filled out no smaller amount than three family's taxes who received not only adjectives of their taxes paid surrounded by back on later years return but received Earned income credit and child credits and received back more money second year than I paid within myself. These people are eligible to receive the maximum amount vertebrae on these rebates but contained by actuality paid zilch in.
So speak about me how many of you Born Again Evangelical Christians who rewarded no taxes in ending year will be sending this rebate check back to the Government.
This is zilch more than paying and accepting bribes to affect the election.
How much should my FIN ADVisor be making ME on 500k?
Answers: 15% annually is a minimum. This should double your money every 5 years.
Even in a "down" year a good adviser should be able to make at least 15% on 500,000.00.
If you feal adventureous check the NAIC web site and find good investment club and controll your own future.
After fees, he should make more than the benchmarks in up years and should be losing less than the market in down years.
There is no set percentage, but if he is doing that, then he is doing better than you could do in index funds and probably taking substantially less risk than you would be chosing common stocks.
Depends upon your risk profile and age. R U investing in bonds, stocks, international?