Before You Look at Your First House
Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home – including how we write the offer, which mortgage programsyou will qualify for, shopping for the best mortgage loan and which homes are truly in your price range.
|Here are the questions that each home buyer should ask:
The 28/36 Rule
No more than 28% of your gross income can be applied to your mortgage, real estate taxes and insurance. And no more than 36% of your gross income can be applied to your mortgage expenses plus your regular debt expenses (car payments, credit cards, other loans, etc.).
Any Questions? I am always available to talk…
Welcome to Legacy Real Estate Group’s fantastic new real estate blog site!
I’ve been a Realtor around here for longer than most can remember, and I eat, sleep and breathe real estate. I love market statistics and staying on top of the latest trends.
I serve my clients better by being the expert professional in real estate. You can count on my knowledge, and here’s where I’ll share it all with you.