my suggestion would actually be to determine which real estate agent you'd like to work with, and then ask them to recommend a mortgage broker.
Agents have lenders and mortgage brokers that they prefer to work with (not because of kick backs, but because they're more reliable and easier to communicate with).
In my opinion the agent you work with should be able to tell you about the market that you are buying in and educate you with a step by step of what the process of buying will be before you go out in look for a home. This type of meeting usually takes about an hour of your time but you don't go in to the process blind. Feel free to contact us if you need a lender referral or some help with the buying process we would like to work with you.
In order to find out how much you can afford on a house, you should talk to an experienced lender. He or she will be able to tell you your monthly limit including insurance, taxes and interest as well as any programs you may qualify for, that way you can be ready to write a contract when you find the house of your dreams!
Call or email me at anytime and I can get you in touch with a fantastic lender.
The best way to determine how much home you can afford is to talk to a lender. There are a number of factors that they consider and will give you a good idea which budget would work best for you and the monthly payments you'd expect to make. If you want some referrals, I know few really good mortgage brokers in metro Denver - just shoot me an email at email@example.com.
For a quick and dirty estimate, you can visit - http://money.cnn.com/tools/houseafford/houseafford.html.
KW Advantage Realty