How to set your mortgage budget

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how to set your budget

Ready to find out how much you can afford for your dream home? 🏠 This Tuesday Tip w/ Tayler is all about how to set your mortgage budget!

is your budget the same as your pre-approval?

⭐ Just because you’re pre-approved for a certain amount, it doesn’t mean you will want to pay that in your monthly mortgage

⭐ Right now, for every 100K you borrow from the bank, you’re looking at paying around $800 towards your mortgage. This is subject to change based on each individual’s credit score, current market rates, and seller credits.

⭐ If you’re pre-approved, ask your lender to provide you a fee sheet so you can get an idea of the monthly payment and see if you’re comfortable with that payment.

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Connect with me today to receive a copy of my Trusted Vendor’s List and find a lender who can calculate more accurately what your options are! 📒

buy with confidence,

💗 Tayler