How Much House Can You Really Afford

Before selling real estate for a living, I helped client's with mortgage loans and later helped homeowners find alternatives to avoid foreclosure.

But before you contact a real estate agent, stop and ponder this question: How much house can you really afford? A little homework ahead of your house hunt will help you set realistic expectations, save you time and ultimately land you in the right place without making you "house poor." Increasingly, financial advisors recommend using the.

What kind of house can you afford? The answer to this question would depend on details like current income, expenses, existing loans, and assets followed by the amount of down payment.