I Want To Buy A New House – How Much Can I Afford?
Posted: under Financing.
Tags: Allen Davis, Budget, Good Faith Estimate, I want to buy a new house - how much can i afford, Money Management, Personal Finance, Real Estate, Realestatesearchdirect.com
“I want to buy a new house – how much can I afford?”
This is a question on many first time home buyer’s minds. Ivana Newhouse was in the same situation.
Once her fiancé, Homer, convinced her that they should own a home together when they got married, Ivana started looking at properties for sale. But she didn’t know whether or not she could afford what she was looking at.
Ivana didn’t want to waste her time looking at properties she could not afford. She also didn’t want to settle for something that didn’t fulfill her wants and needs if she could afford something better.
She decided that figuring out their affordable price range was the first step in their search.
Ivana went to see Homer and asked him to work with her to determine what they could afford.
They came up with the following steps to determine their price range.
Comments (1)
Mar 17 2009
