Redwood City Bankruptcy: Budgeting
Another important point is that you should buy the house that satisfies your needs, especially here in Redwood City. While a room with a view is great, it’s usually not practical. Keep in mind that just because you are pre-approved for a $2,400 mortgage payment does not mean you have to buy a house with $2,400 monthly mortgage payments. If a house with $1,300 monthly mortgage payments satisfies your needs, that’s fine. If you are a Redwood City area retiree, sometimes an apartment or a more affordable town house will satisfy your need instead of a single-family home. Remember, a lot of people were driven into bankruptcy because they bought a house they could not afford.