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23min chapter
TOWS Special: What Can You Really Afford?
The Oprah Winfrey Show: The Podcast
Determining Affordability and Simulating Mortgage Payments
In this chapter, they discuss how to determine how much a couple can afford to spend on a home. They emphasize the importance of not solely relying on bank loans and instead considering how much they can afford to pay back. They suggest playing house for six months to get a sense of the financial commitment before actually buying a house.
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