If you are trying to determine how much house you can afford the first thing to consider is you should always keep your mortgage payment within your own personal comfort zone. This is key for long-term stability and financial success.
But from a qualification standpoint, there are several variables that will impact your maximum allowable purchase price.
To name a few:
- Does the home have an HOA?
- How much are the property taxes?
- Are you about to buy a new car?
- Are you selling your current home?
There are general rules out there for how much house you can afford, but they are challenging to stick with when there are so many personalized factors that will be taken into account. That’s why at LendScout we stay in touch with you throughout the home buying process. So we can get any updates from you, and verify that you can safely afford a home before putting in an offer.
If you want to find out how much house you can afford, reach out to our team to chat!
“Whether you’re a first-time homebuyer or experienced homeowner, our team is committed to making your home ownership journey stress-free and easy for you.”
A Home Mortgage Lender located locally in Charlotte known for it’s customer satisfaction and efficiency.
Serving Charlotte, Cornelius, Huntersville, Matthews, Pineville, Fort Mill, Tega Cay, Rock Hill and surrounding areas with all their Home Loans, Home Refinance, Home Purchase, and Mortgage needs.
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