It's normal to ask how much you can afford. Ultimately, your lender will preapprove you for a certain amount, but YOU will decide what you're comfortable paying every month.
Be sure to follow these six steps to financing your home:
1. Choose a loan officer. 2. Make a loan application and get preapproved. 3. Determine what you want to pay and select a loan option. 4. Submit to the lender an accepted purchase offer contract. 5. Get an appraisal and title commitment. 6. Obtain funding at closing.
Your First Home Gary Keller's book Your First Home: The Proven Path to Home Ownership is designed to help you, the buyer, navigate through the potential twists, turns, and confusion of the home-buying process. If you aspire to own a home of your own, ask an agent for a free copy of the book, or order one here.
