How Much House Can You Really Afford?

Many buyers ask, "How much can I borrow?" A better question is, "How much house fits comfortably within my budget?"

What Lenders Look At

Lenders look at your income, debts, credit score, and down payment, but affordability also includes your lifestyle and future financial goals.

Your Full Monthly Payment

Remember that your monthly payment includes:

• Principal and interest — the core of your loan repayment
• Property taxes — varying by location and assessed value
• Homeowners insurance — required by lenders
• Mortgage insurance (PMI) — if your down payment is less than 20%
• HOA dues — if applicable to your community

Start with Pre-Approval

Getting pre-approved helps establish a realistic price range before you start shopping. It gives you clarity on what lenders see as affordable based on your financial profile — and it shows sellers you're a serious buyer.

The Right Goal

The goal isn't to buy the most expensive home possible — it's to buy the right home for your future.

---

Visit www.mortgagetechloans.com for a complimentary affordability analysis.

---

Sincerely,

Marty Prince Mortgage Technology

• Web: www.MortgageTechLoans.com
• Office: (714) 289-1609
• Email: mprince@socal.rr.com
• DRE #00887075
• NMLS #246997