If you are a first time home buyer or an owner considering refinancing your first step should be to get a quick estimate from a mortgage calculator and then contact local lenders.
Here is a mortgage calculator available from Freddie Mac below. For first time home buyer’s please consider as a quick estimate is that the purchase of your home typically should be no more than 3-4 times your annual income. Each income and household is different and the estimates from mortgage calculators also factor in home insurance and taxes, which could vary for different property types or areas.
If you are considering buying, selling, or refinancing please contact us today.