Tuesday, March 4, 2014

Ever wonder how much house you can afford in Salina, Kansas? Let me help.

Buying a home is a big decision. The financial and emotional stakes are high, but the rewards can make it all worth it. One of the first decisions you are going to make is how much you can afford. To help you figure out your budget lenders like to us the "28/36 Rule", which helps them determine how much credit to offer you. Basically, to determine how much house you can (comfortably) afford, you should multiply your gross monthly income by .28. The "36" is used when a lender is looking at your debt to income. Most lenders would like your debt to be no more than 36% of your total monthly income. Call today and let's get started!

Jessica Decker
RE/MAX Advantage Realtors, Inc.
(785)342-0935