How do I determine my budget for buying a home?

Here’s a breakdown to help determine your budget for buyinig a home.

1. Assess Your Financial Situation
2. Calculate Your Debt-to-Income Ratio (DTI)
3. Determine Your Down Payment
4. Consider Additional Costs
5. Get Pre-Approved for a Mortgage
6. Use the 28/36 Rule
7. Factor in Lifestyle and Long-Term Goals
8. Consult with Professionals
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And, if you’d like more specific advice tailored to your situation, I can help you run some numbers or give you more detailed steps! You can give me a call at 603 617 6018.

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Forget What You’ve Heard: Here’s When You Should Buy a Home

Homes are more than equity-building or rental income; they’re filled with mystery and memory. Remember the warmth of Laura Ingalls Wilder’s Little House in the Big Woods? Or the endless rooms of C.S. Lewis’s The Professor’s House? A home is a sanctuary, a place where memories are made.

Financial guru Kyla Scanlon points out that owning a home isn’t the best way to build wealth. If homeownership is your dream, why wait? The markets will fluctuate, but your yearning for a home doesn’t have to. If you’re prepared, the opportunity is now.

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FHA head Julia Gordon to return to NRMLA Annual

Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association‘s (NRMLA) Annual Meeting and Expo that will take place in San…

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