Your down payment and monthly income will, in part, determine how much home you can buy in today's market. But there are other factors to consider as well.
Take interest rates, for example. When rates are low, the cost of financing goes down, leaving more money available to pay for the home itself.
The state of the local and regional economy has an effect too. Business slow-downs are usually accompanied by lower, or at least stabilized, home prices -- an opportunity for you to get more for your money.
Although you can't control interest rates and the economy, you can time your purchase to take advantage of them. And you can control several key factors to home affordability, including the type of mortgage you choose.
In fact, there are lots of ways to stretch your home-buying dollars to get the most for your money. Want to learn more? Give us a call and we'll be happy to discuss all the possibilities with you.
P.S. Get an idea about what size mortgage your income will support by reading our online report,
QUALIFIED: How Much House Can You Really Afford? There's no obligation -- we hope the report is of service to you. Just click on the link to read it.
Best regards,
Lon Reed
ePro Certified Realtor®
Certified Loss Mitigation Consultant
Short Sale/Foreclosure Specialist
http://www.CertifiedForeclosureConsultant.comhttp://www.CertifiedForeclosureSolutions.comhttp://www.aRealEstateSolutionsCompany.com http://www.RelocateToSanAntonio.comhttp://www.FreeSanAntonioRealEstateInfo.com
BECOME A CERTIFIED LOSS MITIGATION / FORECLOSURE CONSULTANT - INCREA$E YOUR EARNING POTENTIAL TO $$10K PER MONTH