Monday May 29, 2017

Home Buying Help

Learn about how much house you can afford in today's markets

How Much House Can I Afford?

Before you start looking at homes, you'll need to have some estimate of how much you can truly afford to spend each month on your new home.

It can save you a lot time and heartache by making sure you are looking in the correct price range to start with. (Calculators).

Some costs and fees go to third parties, some are state and local government fees that must be covered and some go to your lender.

Closing Costs Breakdown

With a long list of charges at settlement, it's important to know what the closing costs on a house are before you start to buy.

How much are closing costs?

The quick answer is 1.5% - 4% of the purchase price of the house. The biggest determining factor as to whether you get to pay the 1.5% or closer to the 4% is your credit and your knowledge of the loan process.