How
do lenders assess how much I can afford per month?
Generally, lenders calculate that the homebuyer shouldn't
pay more than 30 to 32% of gross income for principal, interest,
taxes, and insurance (PITI), or 40 to 42% for both PITI and
monthly debts combined.
The easiest way to make a quick estimate of the mortgage
amount you may qualify for requires applying the two basic
formulas used by lenders for loan application. Keep in mind
that the loan balance will vary over the term of the loan,
although the monthly payment remains the same.
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In
this section, discover the steps that will prepare you to look
for a home. I provide details on everything from questions to
ask Me, to getting your finances organized.
Once
you have decided to sell your property, the first thing is to
list your property – establishing with Me the terms and
conditions of the sale.
House
hunting begins at home... with planning. Before you grab
the road maps and hit the streets, you need to know how
expensive a house you can afford to buy.
Moving
is definitely not easy, but this section offers tips to
make the whole experience easier, less trying, and less
expensive. 
