…looking to buy soon? It may behoove you to lock that loan in this year. Talk to your lender or give me a ring and I can give you the contact # of a good guy I know.
Looking to buy or sell in Colorado Springs? Please give me a chance to earn your business. Call Rob @ 719-440-6626!
A good starting point for answering this question lies in your monthly gross income. Experts vary in their statements but generally speaking, start with 28% of your gross monthly income. E.g., if you make $4000 a month, your mortgage, property taxes, homeowner’s insurance and PMI should be no more than $1120.
MoneyUnder30 has a detailed analysis including Dave Ramsey’s more conservative approach (namely he uses take home income not gross).
If you’re looking to buy, sell or rent in the Colorado Springs area, please give Rob a call at 719-440-6626!
This is the basics of home affordability. Bottom line: you don’t want to have to stretch to make a payment. Go in with a number and let no one pressure into a higher value home purchase than you are comfortable with.
If you’re looking to buy or sell a home in the Colorado Springs area, I’d be honored to represent you!