You are best to talk with a experienced mortgage lender to look at options and get preapproved. Alot is going to depend on the area you are looking, property taxes, association dues... I would be more than happy to give you talk to you more and preapprove you. Please contact me at the below phone/email.
Good luck to you in your home search. Home prices and rates are positioned for someone to purchase a home and get a great deal.
1st Step Mortgage Group
6876 Spring Creek Road, Suite 124
Rockford, IL. 61114
815-289-0880 - Phone
email@example.com - email
According to my friends in the banking, rule of thumb is to multiply the income by 3 and it gives you a rough idea what you can afford. Property tax, association dues, have a huge impact on your monthly payment.
That being said, it is always a good idea to see a loan officer at your local banking institution.
Please let me know if I can be of any further help.
Mark Minorczyk BPOR, SFR
buying â– selling â– leasing â– relocating â– investing â– I can help!!!