With locals and others moving to our beach area I get this a lot with first time homebuyers what can I forward?
And really it's a two part question what can I look at the price of a house for my payments and two the second part is what I qualify for in payments.
This clip I whiteboard and show what you can afford and expect a price point to be looking at properties.
And the hardest question I see people having to answer me is ... What budgeted in your mind or comfortable level with a monthly payment.
Most people are taken back because they think like a car sales person trying to sell them how much you want to spend that's not necessarily the case especially when you putting yourself in debt for hundreds of thousands of dollars.
See when you buy a $200,000 house with interest you gonna pay about $400,000 for that house over the life of the loan.
So I work backwards and I break it down check out the clip it's a little awesome in helping understand The complexity that can be overwhelming. What you think?
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