Affordability

What You Can Borrow Isn't Necessarily What You Should Spend

Your lender determines how much you can borrow. You determine how much you can comfortably afford.

Mortgage qualification is based on financial information, lending guidelines and established formulas. Those calculations are important, but they can't fully account for your lifestyle, priorities or plans for the future.

A new home also brings expenses beyond the monthly mortgage payment. Property taxes, insurance, utilities, maintenance, repairs, furnishings and improvements all become part of the cost of homeownership. Leaving room in your budget for both the expected and unexpected can make owning your home considerably more enjoyable.

Think Beyond the Monthly Payment

When deciding on a comfortable price range, consider not only your finances today but how they might change over the next several years.

Career changes, children, education, travel, retirement savings and other financial goals can all influence how much of your income you want committed to housing.

The goal isn't necessarily to purchase the most expensive home you qualify for. It's to find the right balance between the home you want and the financial flexibility you want to maintain.

Buy with Confidence

Understanding your comfortable price range before you begin looking at homes makes the entire buying process easier. It allows us to focus your search on properties that meet both your housing goals and financial priorities.

In the long run, the right home should provide more than a place to live. 

It should also provide peace of mind.