If you’re renting an apartment or home, you may be wondering if you can afford to buy a house. Today, Deborah is joined by Ryan Herbig of American Liberty Mortgage Inc. to discuss how renters can determine a mortgage payment that is around the same cost as their current rent payments.
The first step to determine the size of home you can afford is to contact a lender to pre-qualify for a home loan. There are a few different choices the lender can walk you through in order to find out the best option for you. However, you will need to be forthright with them about many personal details.
The next step will be going through your options and looking at various homes in the price range you and your lender have determined. Depending on the price range, there is still a lot of inventory in the Colorado Springs market. Finding the right home in the “just right” price range will help your overall wealth because you get tax breaks, appreciating value, and a home to call your own.
Come listen as Deborah and Ryan discuss price ranges of monthly mortgage payments, the inventory in Colorado Springs, and a few other helpful nuggets of wisdom so you can make an investment in your future.