Maine Real Estate For Sale !

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Houlton Maine Real Estate | How Much Home, House Can You Afford?

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The size of the monthly house payment on the Maine real estate home mortgage depends on lots of factors.

Each individual case is different because of the amount of the household income, the spending patterns within the home.

The old add-age of one week's paycheck or two and a half times the yearly income are home buying guides.

Debt ratios banks for home loans are used as what history has shown is safe. Within the proper margins for income to installment debt to work and keep the Maine home bills paid. The house in Maine afloat.  

So that beyond the Maine home loan monthly payment, the insurance, upkeep and to pay for utilities the owner of the house can breathe easy.

Have money for kid's braces, groceries, gas and to go out to eat, to the movies once in awhile. 

How much to live comfortably depends on how the Maine home owner approaches the monthly budget. In Maine most of our fun is low cost, no cost and always outdoors. Any of the four seasons. We also have better spending control and make sure to get value before letting go of the hard earned currency.

The house prices are way lower than the national average. In Northern parts of the state, less than half the southern portion home median price happens. So less monthly budget needed to pay off the Maine home loan.

So eventually there is no Maine home mortgage.

Money freed up for housing overhead or to save for a rainy day. How much to live comfortably also depends on how many kids in college, what is one of the bread winners is sick, off line. 

Your own what can I afford for a payment and sleep nights without worry is the end all. Despite the charts, the averages and norms frommaine moose cat photo all the surveys, the individual believing they can make the payment is what counts. That the size of it is small enough to allow for all the other areas of their life to function well.

Not run out of funds from the Maine household savings, checking account.

The one and half percent that needs to be put back into the house yearly for maintenance can also get stretched. When you replace the heating system, the roof and renovate the kitchen and bath the same year, that average goes out the window.

Timing of what happens in life is key and not always spaced out properly to allow a steady as she goes on the spending side of the family check book.

Maine, big state, less people, lower cost property listings. ME real estate videos do it easiest. Show the area, the local listings in the zip codes.

Neat combination huh? Get here as quick as you can. Don't keep her waiting.

I'm Maine REALTOR Andrew Mooers, ME Broker

info@mooersrealty.com | 207.532.6573

Log on www.mooersrealty.com   www.ownmainerealestate.com

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Comment balloon 11 commentsAndrew Mooers | 207.532.6573 • April 10 2013 03:48AM

Comments

Good morning, Andy..... everything in northern Maine is much more affordable than other parts of the country....

Posted by Barbara Todaro, Previously Affiliated with The Todaro Team (RE/MAX Executive Realty - Retired ) almost 8 years ago

The debt to income ratio is such an important factor when figuring what you can afford.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 8 years ago

Barbara ... You are so right about that and know from living here for a stint!

Roger ... Over spending is never a happy ending movie for sure.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 8 years ago

Certainly Andy, buyers NEED to know always what they can afford.  Yes, the Maine market is a better buy but you need to be qualified first to buy...so many buyers still do not get that here!

Posted by Ginny Gorman, Homes for Sale in Southern RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 8 years ago

Andrew, once again you offer sound advice for home buyers.  And where else in the USA can their dollar by more home, more land and peace of mind than in Maine?

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Maximum One Executive REALTORS®) almost 8 years ago

Ginny ... Getting the money, show me the money always key to buying not renting!

Jim ... Get it all! Come on down!

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 8 years ago

Hi Andy! Great post and great advice!  Maine is lucky to have you.

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates) almost 8 years ago

Wayne and Jean ... I am lucky to be in Maine. Am a personal fan and love where I live. Thanks for popping in.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 8 years ago

Hope that you are getting those checks for ambassador from the state visitor's bureau and every chamber  of commerce..you ARE the MAIN MAINE welcome wagon !

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) almost 8 years ago

Andy, As you point out, buyers need to know all their expenses and costs when buying a home. No one should buy beyond their means, certainly not after the last real estate melt down.

Posted by Kathy Stoltman, Ventura County Real Estate Consultant 805-746-1793 (Balboa Real Estate) almost 8 years ago

S and D.... I am a personal fan of Maine. Very humbled to be able to live here, raise a family and make a living here! This place is gorgeous, the people down to Earth friendly. Come on over!

Kathy ... Over extended the family resources...never a happy ending to that spend spend spend movie. 

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 8 years ago

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