One of the most important home buying tips is determining the mortgage you can afford. Find out how to set the price of your ideal home as you shop. Whether you’re looking for your first home or your forever home, calculate your ideal price today and see which houses are available in your area at that price.
Calculate What You Can Afford
Compare 15- and 30-year mortgage rates and down payment options to find your ideal price for a home. Consider looking at homes with a slightly higher price if you feel you can make a low offer. Work with your realtor to find homes in your ideal price range and see what you can do to find an accurate number for an affordable home. Make confident offers based on your calculated price.