How Much Can I Afford? That's a question that's usually asked first to us as mortgage lenders, but how do we figure out this amount? Well, it's not an educated guess, that's for sure, we use a lot of tools to figure this out as you're beginning the home loan process. It's also better for you to know what you can afford when you're looking to purchase a home, let's say that you're going out on your home buying journey, and you find a house that is perfect, so then you call Darren Copeland, (your lender) to get pre-approved. Your lender does all the calculations that need to get done and calls you only to tell you that you cannot afford the dream home that you've picked out. That's why it's important to let you lender do the work of pre-approval before you go to pick out the house.
But what exactly does your lender do when determining How Much Can I Afford? Let's take a minute to listen to Darren explain what goes into figuring these numbers.
Now that we've heard from an expert mortgage loan officer, we hope you'll give us the opportunity to help you buy a home, we're great with FHA, VA, USDA and Conventional loans and we would love to help you, call us at 816-268-4025 or connect with us socially with the links below and we'll help you figure out How Much Can I Afford.