Home Buyer Budget vs. Loan Amount

Before you house hunt...⁠ ⁠ Know Your Budget! ⁠ Your budget involves more than your mortgage payment. Here are the main things you need to know that make up your monthly home buying budget. ⁠ ⁠ Before you get your heart set on house⁠ Before you talk to a realtor⁠ Know your budget and get pre-approved by your lender⁠ ⁠ I promise, it will save you a lot of time and heartache when you have to pass on that house that you got attached to!⁠ Here are some basic things that you will need to know to know your TOTAL payment you qualify for: - Purchase price - Loan amount - Interest Rate - Principal and Interest - Property Taxes - County Taxes - Flood Insurance - Hazard Insurance - Mortgage Insurance - PMI - HOA - Claims on property For a visual aid to this episode, visit Beyond The Loan on YouTube: Quit asking how much you qualify for and here's why. https://youtu.be/fml2yBkX5Ns