How to Assess Your Affordability

Buying a home is a big step in your life and if you’re just getting started, you’ll need to know where to begin in order to get the home of your dreams in Piscataway for elsewhere.

The first step to take is to figure out how much you can afford to buy. You don’t want to look at homes out of your budget, and you want to have a good estimate of what your home payment will be each month.

To figure out what you can afford, you need to get hooked up with a mortgage lender. They will check all your financial information, including credit scores and debt-to-income ratio and determine how much you can afford based on that.

Once you are pre-approved, it’s time to start looking. You'll know exactly what you can afford, and you’ll look like more of a serious buyer, causing your offer to stand out among others.

If you have any questions for us about getting pre-approved or anything else in the home buying process, give us a call or send us an email. We would love to hear from you.