How much home can you afford?

    Well, to answer this, most lenders will give you an idea based on interest rates, taxes and down payment, but for a rule of thumb,for every $100,000, expect to pay around $700 a month on a regular 30 year fixed mortgage.  So if you were buying a property for $300,000, then a monthly payment would be roughly $2,100.  Of course, interest rates, down payments, and term will make this fluctuate.

I want to see this home, but I haven't talked to a lender?

   Most real estate agents will not show someone a home without a pre approval, however, nowadays most lenders can give someone a pre approval within 24 hours or sooner.

 

any of the above, feel free to go to www.chanookahomes.com