S t e p h a n i e   W u
Budgeting         
My Client is My #1 Priority!!!
About Me
Properties
For Buyers
For Sellers
Moving
Financing
Community
For Buyers
Home Inspections
Budgeting
Mortgage Types
Interest Rates
Closing Costs
 

Rates &
Indicators
Rate Chg
30 Yr Fixed 6.0%
15 Yr Fixed 5.75%
1 Year ARM 5.5%
10 Yr Tres 3.42%
Fed Prime 5.0%
as of 11/20/2008


Know Your Budget
How Much Home Can I Afford?
$    Amount you plan to use for the down payment.
$    Amount you plan to pay each month.
    Years you plan to finance the mortgage.
% Interest rate you plan to get on your loan.

$    This is the approx. cost you can afford.

There's no point wasting time and energy house-hunting before you know what you can afford. So your next step is to assess your finances:
  • Find out about interest rates
  • Understand your closing costs
  • Figure out your income, debt and down payment
  • Calculate how much home you can afford!

 

 
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