The information provided herein has been prepared by a third party company and has been distributed for education purposes only. The positions, strategies or opinions of the author do not necessarily represent the positions, strategies or opinions of CrossCountry Mortgage or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
September 23, 2019
Happy Monday everyone!!
One of the questions I get asked all the time by people near and far is: How much should I be paying for my house? And this doesn’t necessarily have to do with how expensive a home is, but has EVERYTHING to do with how much of your monthly budget should go towards housing.
This answer is a little bit different for everyone, and really depends on what YOU are comfortable with when it comes to payments. But I know it can be confusing, and if you’ve never really thought about it before, it can be downright intimidating!
This week’s video is all about setting some reasonable guidelines as a jumping off point for you to consider when shopping for a home, or even considering refinancing. I break down what kinds of things lenders consider when structuring a home loan, and share my personal philosophy on what portion of a budget should go towards housing. I hope this info helps, and if you have any questions at all, please let me know!! We’re always here to help you make smart money choices!! 🙂
Lizy Hoeffer NMLS ID # 260183. AZ LO-0913409 I am authorized to conduct business in the state of Arizona. All loans subject to underwriting approval. Certain restrictions apply. Call for details. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. PHONE NUMBERS DISPLAYED ARE NOT FOR USE BY NEW YORK BORROWERS. NO MORTGAGE SOLICITATION ACTIVITY OR LOAN APPLICATIONS FOR PROPERTIES LOCATED IN THE STATE OF NEW YORK CAN BE ACCEPTED THROUGH THIS SITE. CrossCountry Mortgage, LLC. NMLS1925878, 3100 West Ray Road, Suite 201 Office 212, 218, 219 & 228, Chandler, AZ 85226 (www.nmlsconsumeraccess.org)
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