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Michael Holmes' Blog

By Michael Holmes | Agent in Germantown, TN
  • Want To Pick Your Payment?

    Posted Under: Home Buying in Memphis  |  February 1, 2010 4:29 AM  |  1,361 views  |  No comments
    A smart move is to go to the mortgage company of your choice and tell them what you want to pay for PITI (principal, interest, taxes and insurance).  Once they qualify you, they can tell you what price range home to look at to get the payment you want.  You would then only look at homes that are in the price range they recommend.  That way, you won't fall in love with a house out of your price range.  Plus, you have "picked" your payment!  : )
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