Your Real-Life Budget

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 HOW MUCH HOUSE CAN YOU AFFORD—AND HOW MUCH SHOULD YOU ACTUALLY SPEND?

Those aren't necessarily the same number.

One of the most important things I tell homebuyers is:

Lenders qualify on gross income. Borrowers live on net income.

A lender's guidelines may determine how much mortgage you can qualify for, but your actual life includes groceries, utilities, childcare, transportation, savings, vacations, retirement contributions and everything else you spend money on.

And homeownership brings expenses beyond the mortgage payment.

Property taxes. Homeowners insurance. Mortgage insurance when applicable. HOA dues. Utilities. Maintenance. Repairs.

The goal shouldn't necessarily be buying the most expensive house you qualify for.

The goal is finding a home and payment that work within your real-life budget.

Before you start shopping, let's review the numbers and find out where you stand.

For more information Click Here

 Rob Clark | Home Loan Consultant
Firestone Financial Group
 209-227-7745
 559-476-9279
 rbrtclark53@gmail.com
 robertclarkloans.com

NMLS #357788 | Firestone Financial Group NMLS #301522
CA DRE #01148307 | Equal Housing Lender

Loan programs, rates, terms and qualification requirements are subject to change. All loans are subject to underwriting approval. This information is for educational purposes and is not a commitment to lend.