  Keller Williams
Realty
2425 E.
Southlake Blvd
#100
Southlake, Texas
76092
Office phone:
(817) 329-8850
Cell phone:
(817) 228-6046
Fax
number:
(817) 251-1522  |
 |
Real Estate Library
Current Topic:
Affording A Home
Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.
As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term. For professional advice on all
aspects of buying and selling real estate in the Northeast Tarrant County area,
please call me at 817-228-6046 or
email me.
| REAL ESTATE TRIVIA |
| Q |
What area in the U.S. is known for its pre-civil war mansions?
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| A |
Natchez, Mississippi boasts over 500 pre-civil war-style mansions; many are open to the public as museums. |
| More Real Estate Trivia |
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NE
Tarrant County, Grapevine, and Keller home sales are growing!
A NE
Tarrant County, Grapevine, and Keller home is a great
investment!
NE
Tarrant County, Grapevine, and Keller homes sell quickly!
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