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How much of a mortgage can you afford based on your salary?

There are signals that U.S home prices may be falling. But while these price cuts may tempt you to snatch up a house quickly, you should still stop to consider what your price range is and prepare a home buying budget. (Note: We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.)

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How much of a mortgage can you afford based on your salary?
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    How much mortgage can you afford based on your salary, income and assets?

    How much mortgage can you afford based on your salary, income and assets?

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    CBS News - By Aly Yale

    It's easy to get swept up in the excitement of potentially buying a home.

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