Richard S. Kahler, MS, CFP®, ChFC®, CCIM's Answers and Guides

Absolutely. While your advisor may have signed a non-compete agreement with his firm, making it a violation for him to solicit you in any manner, nothing prohibits you from voluntarily following him.

The tried and true percentage is 25%, however, most lenders will expand that to 35%. With my 30 years in real estate I personally recommend a person keep their home payment as low as possible, around 25%. The amount you save in a lower payment is better ...(more)