How Much Can I Afford?
''How do I know what I can afford?''
Great question! The first step to purchasing a home is determining how much you can afford and getting a pre-approval letter from a lender.
The rule of thumb is that you can afford to spend 2.5 times your annual salary on a home, but that doesn’t take into account your existing debt and your lifestyle.
However, it’s best to talk to a mortgage lender to find out what you qualify for and get your pre-approval letter.
I'd be happy to send you my recommended lenders, send me a message and let's get started!