Here is week 12 in our series of home buying tips: Define And Maintain Your Financial Ability.
Securing a pre-approval is a good idea so you know how much of a loan you can secure. Once you obtain that pre-approval amount, try to avoid looking at homes at or above your maximum amount. If you or your partner lost your job, you might not have the ability to keep your house at all. Try to start small, especially if it’s your first house purchase, and avoid spending money beyond your means.
If you are wondering what you can comfortably afford in a house payment, please call us or send us a quick email, and we would be delighted to connect you with a local mortgage consultant who will answer any questions you have.