Monday, December 7, 2009

Can you afford homeownership?

Are you thinking about buying a home, but don’t know whether or how well you can afford it? The best way to find out how much home you can afford is to prequalify for a mortgage.


Prequalifying for a mortgage is just a fancy way of saying “figuring out how much you can afford to spend on a home.”

Prequalifying shows you where you stand financially, based upon your current income, debt and savings. In doing so, you can determine:

- an estimate of a home purchase price and monthly house payment that you can afford,

- how much money you will need for the down payment (the difference between the sales price and the amount of your mortgage), and

- budgeting goals you need to set and achieve.

I can help you prequalify for a mortgage. (Please know that prequalifying is not a commitment on your part to work with me. It also does not guarantee you a loan. That all happens during the actual loan application process.)

Give me a call @ 832-647-1769 or drop me a line at donte@TheNewlywedRealtor.com, and we’ll get you moving toward moving day in no time!

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