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1-How much home can they afford to buy? 2-Will they save any money on Taxes from their mortgage interest? 3-Where should they locate? Your clients,

image text in transcribed 1-How much home can they afford to buy? 2-Will they save any money on Taxes from their mortgage interest? 3-Where should they locate?

Your clients, Anne and John, are in their early thirties and married with no children. They have been living in an apartment for the last few years and are thinking of buying a home. Their combined income is $150,000 and they have no other debts. They have saved $75,000 as a down payment on a home. They are planning on getting a 30-year conventional mortgage and qualify for a 3% APR interest rate. a They are not sure how much to spend but want to live no more than a 60-minute commute from downtown Seattle. Your clients, Anne and John, are in their early thirties and married with no children. They have been living in an apartment for the last few years and are thinking of buying a home. Their combined income is $150,000 and they have no other debts. They have saved $75,000 as a down payment on a home. They are planning on getting a 30-year conventional mortgage and qualify for a 3% APR interest rate. a They are not sure how much to spend but want to live no more than a 60-minute commute from downtown Seattle

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