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Latest Postings
- August 31, 2010: August Newsletter
- August 31, 2010: July Newsletter
- July 18, 2010: Market Stats For: June 2010
- June 15, 2010: *New* Market Stats For: May 2010
- June 9, 2010: June Newsletter
- May 18, 2010: What Does the Buyer Bonus Program Mean to You?
- May 4, 2010: May Newsletter
- April 8, 2010: April Newsletter
- March 13, 2010: Seller Representative Specialist Designation
- March 9, 2010: March Newsletter
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How Much Can I Afford?
You should always Consult a Financial Profesional for information specific to your situation, but here are some basic guides that can help you get an idea of where you stand.
Conventional fixed-rate mortgage
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80 percent to 90 percent loan-to-value. Payments no more than 28 percent of income.
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Under 80 percent loan-to-value. Payments no more than 32 percent of income.
ARM mortgages
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Payments no more than 28 percent of income.
FHA loans
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Payments no more than 29 percent of income.
Note: Payments include taxes and insurance as well as mortgage debt.
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