How Much House Can I Afford In This Market? 

You must take the time to define a budget and carefully evaluate your financial situation before you start looking for your new home.  

1. How Much Down Payment Do I Need?

This will depend on various factors, including the mortgage terms, lender mandates, the type of loan you get, & how much money you have saved up.

2. What Are The Various Types Of Mortgage Options? 

Talk to your lender about all your options.

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3. What Numbers And Ratios Are Important To Mortgage Lenders?

The next step in calculating how much house you can afford is to figure out your debt-to-income ratio (DTI).

4. What Are Closing Costs? 

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Closing costs are taxes and fees charged by the lender and other parties involved in the home purchase transaction, such as title companies, lawyers, and escrow agents.

5. What Is The Impact Of Taxes & Insurance On How Much House I Can Afford?

This is the last step in calculating how much house you can afford. The monthly cost doesn't end at your mortgage!

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