What Can you Afford?
Six Steps to Take:
1. Do a credit check.
You may have issues that will surprize you; they make mistakes and it takes months to correct sometimes.
There are Free Credit Checks but spend the $25 for an online version that includes your "Beacon Score". Did you know credit score under "680" pay big interest rate premiums?
2. Do a personal financial check-up.
What do you and your partner, if any, earn? What do you owe? What are you total assets? Does your debt payments equal less than 1/3 of your gross income (before tax)?
3. Use a mortgage calculator (below) - It's Awesome - Get to know your costs & ways to save!!
If you want a quick idea of your abilty to buy a home and at what price range, use my mortage calculators.
4. Get Pre-Approved.
Armed with the proof of your income and debt and assets, go to any bank or brokerage mortgage specialist for a consultation. They can do this at no cost or obligation to you.
Do this step even if, actually especially if, it looks like you can't afford to buy a house. Their advice will help you get on the road towards becoming eligible even if it takes you another year or two.
See my "Pros Who Help You" page for recommendations on great lenders who I can vouch for personally.
If you get pre-approved for buying a house or condo, take the next step.
5. Hire a Realtor.
Now is a good time to call me for some fine tuning of your financials (I am experienced with the challenges some people face on their quest for homeownership) e.g.; first timers getting enough for a downpayment, etc.
6. My Buyer Consultation is at no cost or obligation and my process will delight you with its thoroughness. You will be "Buying with Confidence" with me at your side.