A home buyer should typically be able to afford a home that is 3 to 3.5 times your annual salary. Another general rule is your total monthly expenses (including the new home) should never be above 45% of your gross (pretax) income. For a first time home buyer, We typically recommend for this ratio to be 35% or less. You should always consult with a professional mortgage advisor when deciding on loan options. Please remember that not all banks are created equal. Some banks can be great for your day to day banking, but have a reputation as terrible mortgage lenders. Feel free to contact us for recommendations of successful Mortgage Brokers that we have utilized on past transactions. A mortgage broker will advise you and let you know your qualification, how much home you can afford, what your monthly payments will be and what you should expect throughout the home buying process.
About Us
We understand that buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why our team of highly-seasoned real estate professionals is dedicated to providing exceptional, personalized service for all of our clients. We take great pride in the relationships we build and always work relentlessly on our client’s behalf to help them achieve their real estate goals.
Testimonial
We purchased our home with Harvey’s help and I couldn’t have been happier with the job he did. Throughout the entire process he was accessible, professional, knowledgeable, and trustworthy. He literally took an almost impossible task based on our requirements and made it happen for our family!
AD Vaughn III