Pompton Plains / Pequannock Realtor North Jersey Realtor -New Jersey
Property Search|Buyers|Featured Listings|Sellers|Neighborhood|What Can You Afford?
Colleen A. McMahon<br />Pequannock / Pompton Plains RealtorColleen A. McMahon
Pequannock / Pompton Plains Realtor

(973) 646-7419 (Direct Line)
(973) 214-5250 (Cell)
(800) 950-5021 (Toll Free x 219)
(973) 686-9857 (Fax)

Crest Real Estate
142 Route 23 North
Pompton Plains, NJ 07444
973.646.7419
What Can You Afford?
Now that you know what you're looking for, the next step is figuring out what you can afford. A review of your income, savings, monthly expenses, and debt will be necessary. Early on in the process, you'll want to get pre-qualified for a mortgage loan, which helps determine how much you can afford. It enable you to move swiftly when you find the right home, especially when there are other interested buyers. It also indicates to the seller that you are serious and can afford to buy the property. A pre-approval is a simple calculation done by a mortgage lender that tells you the amount you'll be able to finance through a loan and what your monthly payment will be. When you find a home to buy, a pre-approval also reassures the seller that you have the financial means to purchase his or her home. Know what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have. It pays to check with several lenders before you start searching for a home. The price you can afford to pay for a home will depend on several factors, such as: gross income the funds you have available for the down payment, closing costs and cash reserves required by the lender, your debt, your credit history, the type of mortgage you select and the current interest rates.
REALTORREALTORAccredited Buyer RepresentativeMLSShort Sales & Foreclosure ResourceNtl. Assoc. of Broker Price Opinion Professionals

© 2017 Properties Online, Inc. (PropertiesOnline.com) Content including property details, articles or opinions posed on this website have not been independently verified and cannot be guaranteed. All information offered within this website should be independently verified.  Website content is provided at the reader's own risk and the reader will not hold the parties involved in creating, producing or delivering this information liable for any loss, injury, claim, liability, or damage of any kind resulting in any way from any errors in or omissions from the information. Laws and taxes vary from state to state. You should consult with your individual CPA or tax attorney when purchasing or selling real estate. By providing links to other sites Properties Online, Inc. does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to the agent, brokerage, brand or Properties Online, Inc.

Equal Housing Opportunity.
SERVER: PROPSON-WEB02