What SALARY do you need to make to Live in Apex? MOVING to Apex NC Guide (Living in Raleigh NC)

In this video, you'll discover five key factors that directly impact home affordability when living in Apex NC.

First, interest rates play a significant role in determining your monthly payments, with even a 1% increase lowering your buying power.

Next, your down payment size matters – a larger down payment means lower monthly payments. Current debts also come into play, as lenders look at your debt-to-income ratio to assess your loan eligibility.

A good credit score is essential, as it can help you secure a lower interest rate. Lenders can guide you in improving your score if needed.

Additionally, property taxes and insurance affect your overall cost of living. It's important to keep your housing expenses within 30% of your gross monthly income.

Finally, we explore real-world examples of home affordability in Apex, where median prices and down payment options shape your financial plan and decide if you want afford living in Apex NC.

Thinking of a move to the Raleigh, NC area?

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0:00 Intro
1:43 Interest Rates
1:56 Downpayment
2:04 Current Debts
2:10 Credit Score
2:24 Property Taxes & Insurance
2:37 Housing Expenses vs Income
3:37 Sample Affordability Computation
5:45 How Much Do You Need to Earn?

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