If you are looking to buy or even thinking about buying a property in Fort Lauderdale or South Florida now is the time to do it. Jumbo interest rates are lower than Conventional interest rates right now.
The most recent article from The Washington Post suggest you should keep it to around 28% of your gross monthly income. That is pretty high in my opinion. If you make $100,000 per year that’s $8,333.33 per month and 28% of that is a payment of $2,333.33 per month. I think that is pretty high.
