How Much Home Can You Afford?

Are you ready to buy a home? Do you want to know how much home you can afford?  Talk to a lender about your purchasing power, credit and job history.  This affordability calculator will give you a glimpse of what you can afford based on your monthly income and monthly debt.   A R. Alexa Group real estate agent can provide you with a list of local lenders so you can begin your pre-approval process.

A pre-approval means the lender has checked your credit and verified your income and debt to determine the specific loan amount and down payment needed to buy a home.  You can prepare by gathering documents like paystubs, W-2’s, bank statements to get started with a lender pre-approval.  The pre-approval will give you buying power in a competitive market.  In this highly competitive real estate market, sellers will not consider a buyer without a pre-approval from an accredited lender.

Monthly Gross Income $
Monthly Debt Expenses [?] $
Down Payment: $
Interest Rate: %

Contact R. Alexa Group at 713.705.0086 for more information.