Can you afford it?
By Anita Clark, Realtor - Homes for Sale in Warner Robins GA
(Coldwell Banker Access Realty ~ 478.960.8055)
You've been out looking and find that perfect family home, condo, townhouse, vacation house, rental property, etc. (you know the one that shines brighter than the rest in the neighborhood, has the perfect landscaping, and has all the bells-and-whistles), but, can you afford it? Understanding your buying power puts you in a better negotiating position and will ultimately be a key determinant on home size, house amenities, and the neighborhood you will live in. So, how do you find out what you can afford? Find a lender, or get a list from your Realtor®, and get pre-approved (preferably before you start looking). During pre-approval a lender will examine your finances in detail and tell you how much they will loan you, the loan type, interest rate of the loan, your approximate monthly p...
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