Each month when you write a rent check, it may cross your mind all of the more interesting things you could be doing with that money. Traveling? Saving for retirement? Blowing it all in Vegas? ...What about buying a place to call your own?
The website Move.com features a Home Affordability Calculator, to provide a rough estimate of the home price you can afford.
By adding
the amount you may be qualified to borrow to what you've
saved for a down payment,
it estimates the maximum home price for which you may
qualify.
If you're thinking about whether you can afford a home but don't know a reliable lender that you can talk with, pressure-free, give me a call. I work with a select few trusted mortgage professionals that can help evaluate your financial situation and advise you accordingly.
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The following link provides a tool via
Zillow that shows the average home value and percentage change in value
over the last year by neighborhood. Select the neighborhood or
neighborhoods of your choice to see how values compare to the Seattle
area average.