How Much Should You Budget for your Next Home?

How Much Should You Budget for your Next Home?

Christine Lelond Christine Lelond

Christine Lelond

REALTOR?, ABR?, SRS?, RENE

发布日期: 2019年9月5日
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If it’s been a while since you last moved, you might be wondering how much you'll need to spend on your next home. That's an important question to answer, even if you're just at the "thinking about it" stage and haven't decided whether or not you'll look for a new property. After all, knowing your budget might influence your decision. How should you determine your budget? The first step is to calculate the maximum you can spend. This involves adding the money you'll get from the sale of your current property after repaying your outstanding mortgage, to any other funds you have available to invest plus the maximum amount of mortgage you qualify to receive. Of course, just because you may qualify for a large mortgage doesn't mean you want those bigger payments. So, the second step is to ...

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