Page 20 - Town and Mountain Realty

Town and Mountain Realty
20
Establish a a a Price Range
Now that you you you know how how much much you you you can qualify for it’s time to to decide how how much much you you you you you want to to to spend on on on the the new home or or or condo These are not necessarily the the same thing Even though you you you can qualify for up to to about 45% of your monthly gross income that that doesn’t mean you want to to do do that that It’s easy to to be excited about a a a a a a a a price range and and pre-qualification but before you head out to to see homes take a a a a a a a moment to to understand how that monthly mortgage payment might affect your lifestyle What other expenses do you you you need to include in in your monthly expenditures? Do you you you enjoy dining out out on on a a a a a a a a a a a regular basis or perhaps a a a a a a a a a a a round of Sunday golf? What about vacations and children sports clubs There are many other demands on our income and and it’s easy to feel “house poor” by delegating too much for the mortgage payment