When it comes to buying a home one of the first questions you're going to ask yourself is "How Much Can I Afford," and that's where the tried and true process of getting pre-approved comes in handy. Pre-approval is the first step in any mortgage process (and you can start the application here,) it basically gives us a head start in understanding how much income you make and how many expenses you have and from that we can figure out a rough estimate of how much of a house you can afford to purchase.
If you'd like to learn more about your question: How Much Can I Afford, just watch the video below.
Darren Copeland is a home loan expert with LeaderOne Financial in Lee's Summit Missouri and the owner of KC Loan Tips, the best mortgage team in the Kansas City area! Call them today or email them to find out How much you can afford when purchasing a home!