August 2nd, 2021 3:59 PM by Shawn Smith NMLS#863501
If you make a rent payment now, chances are you can afford a monthly mortgage payment. Most of my clients are surprised at how far their rent payment can go when they purchase a home.If you want, you can drill down a bit further to see how your down payment can affect your possible purchase price and the income you might need to qualify for the loan.Remember—when you put your money toward a home payment rather than a rent payment, you’re building equity and earning advantages for yourself instead of your landlord.
Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.