As our lives change over time, so do our housing needs. You may find that you are ready to upgrade to a home space more suited to your lifestyle and personality. If the idea of charming home features, a relaxed location, or a New Braunfels waterfront property entices you, you may be ready to move up. With today’s affordable home prices and low mortgage rates, there has never been a better time to do so.
Investing in a home is a big decision and your REALTOR® should understand what you are looking for and be able to guide you efficiently through that decision making process.
Figuring out how much house you can afford takes some planning and analyzing. There are a few factors that go into finding out the maximum amount of money you can spend on a home including income, debt, and mortgage rates.
If you are planning on taking out a mortgage for the purchase of your home, you will want to be aware how credit scores, down payments, and mortgage rates will impact you.