Before I begin looking for a home to purchase in the St. Simons Island Georgia or Brunswick Georgia area, how can I find out how much home I can afford?
In general, lenders don’t want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts. It pays to check with several lenders before you start searching for a home. Most will be happy to roughly calculate what you can afford and pre-qualify you for a loan.
Related Questions
- Before I begin looking for a home to purchase in the St. Simons Island Georgia or Brunswick Georgia area, how can I find out how much home I can afford?
- Is it necessary for me to use a real estate agent to purchase a home in the St. Simons Island Georgia, Sea Island or Brunswick Georgia?
- What determines the price of a home in the St. Simons Island Georgia, Brunswick Georgia and Sea Island areas?
