Many factors that affect what you can afford.
What's Your Home Price Range?
Knowing the Price Range of a home that you can afford is the first step in a home buying process. How much do you have for downpayment ? What's your expenses and savings ? How much can you borrow ? By understanding these, we can start to look for real estate in the appropriate areas and find the ideal home for you.
How Much Can You Afford Monthly?
What's your gross income? Credit card payment? Car payment ? Other obligations? What's your monthly expenses and monthly savings? Click Gennie Mae Payment Estimates to find out how much you can afford on a home monthly (or yearly.)
How Much Can You Borrow?
Unless you pay by cash, getting a Loan is a way to finance your purchase. Things such as your income, your savings, employment history, credit history, outstanding debt, monthly expenses, the type of mortgage you want, all can impact on how much you can borrow to buy a home. Ask us for a Loan Pre-Approval, it can help determine what you can afford.
Click Mortgage Calculator to find out how much you need to pay monthly. This is one way to find out an estimate of how much you can borrow.
Please call 408-835-8811 for more information.
