financial forecasting for buying a house

efnlnelson · #1 (**permalink**) 12-05-2009, 10:56 AM

Good morning! I'm going to buy a house, and I don't want to get myself uncomfortable or in trouble with an over-sized mortgage payment. I need to know things like how many exemptions to claim, how to handle the $6500 tax credit, monthly costs for insurance & PMI, etc... I tried using the IRS online tools, and I find them totally onerous. I'd rather sit down with an expert and a spreadsheet for 1 or 2 hours and get good advice for my financial forecasting. I've contacted a couple CPA's, but they said most don't do one-time appointments; they like retainers, go figure. So, what kind of financial person should I be seeking out? Anybody got any ideas? Thank you! -- LNelson in PDX, OR

Cameron Capital · #2 (**permalink**) 02-09-2010, 02:57 PM

Greetings,

I think that you should be in touch with a mortgage professional as well as a CPA. How far off in your time horizon is this purchase??

Evan

saramartin · #3 (**permalink**) 07-05-2010, 06:30 AM

Your financial projections include forecasting out all three of your financial statements. Produce projections by month for year one and then by year for the next two years.you should Use the estimated revenue for each target market.double-check to make sure that your goals match up with your numbers.surely you can succeeded.

redyouch · #4 (**permalink**) 07-07-2010, 01:03 PM

Most good mortgage brokers will tell you all the information you need to know regarding PMI, affordability and some (minor) guidance for the tax situation.

abha · #5 (**permalink**) 07-10-2010, 02:02 AM

Laeeque Ahmad is fraudster and he is famous for selling at asking price, if not for all the other scams. Maybe next do some research on people before you deal with them. Thank god for forums and blogs.

Sponsors