How much house can I afford to buy?
A big question, a real estate unknown right up there with what's the value of my home? Buyers and sellers need help from real estate professionals because the two questions earlier change as life happens. Personal spending can eat into the available resources to buy a house. The market value of your home goes up and down like boats in the harbor when the tide approaches.
But no matter which camp you are in, the sellers, the buyers or both, using helpful real estate calculators can make it a simple math exercise in the decision making.
Debt to income ratios, what the mortgage loan program demands for caps and ceilings. Read more on article How Much Home Can I Afford To Buy? that expands on the all important topic.
Different home loan programs work best with certain housing types, time frames and physical and financing rate conditions.
The loan programs for buying a home are not all the same and study of both the house, the lending used to buy it are like peas in a pod important.
Variables, they are a moving target in our job listing, twisting, closing on properties for sale. A lot of what we do as real estate agents, brokers, REALTORS is a math exercise in the feature list matchmaking of the property and the horsepower to buy a house today if the listing price is realistic.