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| Determine
Your Buying Power |
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Step
1: Know your Price Range
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As
our incomes increase, we tend to increase our
spending and debt. When applying for a mortgage,
income is only a part of the equation. Your
credit, banking, and employment history play a part, as
does your debt-to-income ratio. Other things to
consider are tax implications and the length of time you
plan on living in the home you purchase.
Knowing
what you can afford and what monthly payments you are
comfortable with is Step 1 in your new home search.
This starts with getting pre-approved for a specific
price range. As your agent, I will guide
you through the many options, along with your mortgage
broker, to help you determine your buying power and
the best financing to suit your particular situation.
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| TIP:
If you're planning on applying for a mortgage, put off
other large expen- ditures until after you've purchased
your home. That new car payment can mean the
difference between the home you want and the home you
can afford. |
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Use our 20 Mortgage calculators to calculate your payments
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Mortgage
Application
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Request
Pre-Approval
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Keller
Williams Preferred Real Estate
36
Richboro Road, Newtown, PA, 18940 (215) 862-0900
PA
License #RS292945 NJ License #0570975
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email me |
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