What's Your Home Price Range?

 

🏡💰 How to Determine Your Home Price Range 💸🔑

Calculate your income 💼

Monthly earnings from a job, investments, etc.

Assess your down payment 💲

Aim for 20% to avoid PMI

Check your credit score 📊

Higher score = better rates

Evaluate your debt-to-income ratio (DTI) ⚖️

Keep it below 43% for better approval odds

Use the 28/36 rule 🧮

Housing costs ≤ 28% of gross monthly income

Total debts ≤ 36% of gross monthly income

Factor in additional costs 📝

Property taxes, insurance, HOA fees, etc.

Get pre-approved 🏦

Gives you a clear budget to work with

Remember: What you can afford may differ from what you're comfortable spending! 💡

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