Getting an idea as to the price of the home you can afford is an important first step in the home buying process. By understanding the price range you can afford, you can look for a home in the appropriate areas and really find the ideal home for you. By working with Crane & Crane, together we can determine what the right home for you would be. We can recommend mortgage companies to qualify you for a loan, figure out what you would like your monthly payment to be, and then figure out the right price range for your new home. 


Loan prequalification vs. pre-approval
Getting pre-qualified for a loan can help you determine what you can afford. Things such as your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford.  Before you start looking at homes, you should always speak with a loan officer to determine what your price range is.