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The pre-approval process, which entails full documentation and credit check, is the best way to determine the number that are right for you. Early in your search, you can identify any potential hurdles and focus only on homes truly available to you.
Thecalculator below will help you determine how much you may be able to borrow based on your income and recurring monthly debts.
Some costs will vary based on your scenario. While this is a good place to start, I hope we’ll talk further before you start looking. We would be happy to verify the necessary information to be able to provide you with a pre-approval that can give you a big leg up on competitors when making an offer on a home.
Please reach out when you’re ready. I’m here to help!
Knowing how much cash you’ll need to close and, ideally, consolidating those funds into one account will help to prevent stress and ease the process later.
Single family, multi-family, condo, co-op, Victorian, Colonial, Cape, split, ranch, cottage, cabin, treehouse . . . home types and legal distinctions are plentiful. Whether you are open to several styles or have your heart set on only one, narrowing your search will save time and prepare you to act when the perfect home hits the market.
You’ll want to strike a balance between buying what you can afford and buying what will accommodate your needs for longer than just the first few years. Assess your plans for growing your family and how your income might grow to match. Planning ahead is especially important in today’s market, when trading up tomorrow may mean both a more expensive home and a higher mortgage rate.
This is a time when the Internet doesn’t have all the answers. The process varies for many reasons, including area and custom. Generally, purchases include: Offer, Acceptance, Inspections, Contract, Loan Application, Appraisal, Title, Loan Approval, Closing/Funding and Moving In. Many little steps can fall in between, and the process won’t always occur in a given order. It pays to speak with local experts early!