Finances

Houses are expensive. Probably the largest purchase you'll ever make. That's why very few prospective homeowners have enough cash on hand to purchase a home outright. Instead, most homebuyers seek financing-a mortgage-to cover the difference between what they've saved, and what they need, to buy a home.

What's my price range?

Determining how much house you can reasonably afford, and the size of your mortgage, requires carefully evaluating:
  1. Savings-how much have you set aside to cover a down payment on your home, as well as your closing costs?
  2. Affordability-how much can you safely borrow, and still meet all your financial obligations?
A trained buyer's representative can answer all your questions about factors to consider in evaluating your financing options and determining a reasonable price range for your home purchase.

Additionally, you can learn more here: