This article was written by Yeo Jun Wei, an avid contributor in the Seedly Personal Finance Community Group A big financial commitment When it comes towards buying a house, it is probably the biggest purchase in one’s lifetime. However, there is more than meets the eye when it comes towards choosing a house based on its location or sun-facing. In fact, the most important thing would be to properly understand the financial aspect of things. It would be the couple’s first foray into debt unless they have student loan obligations to pay. An Example: Johnny and wife (JW) A typical couple planning for their first home. We will use an income of $3,500 per individual, for a total household income of $7,000 This is in line with an average graduate to estimate. This article will not focus on non-monetary factors, such as location – future development plans around the area can ......