How much house can I afford to buy?
A big question, a real estate unknown right up there with what's the value of my home? Buyers and sellers need help from real estate professionals because the two questions earlier change as life happens. Personal spending can eat into the available resources to buy a house. The market value of your home goes up and down like boats in the harbor when the tide approaches. 
But no matter which camp you are in, the sellers, the buyers or both, using helpful real estate calculators can make it a simple math exercise in the decision making.
Debt to income ratios, what the mortgage loan program demands for caps and ceilings. Read more on article How Much Home Can I Afford To Buy? that expands on the all important topic.
Different home loan programs work best with certain housing types, time frames and physical and financing rate conditions.
The loan programs for buying a home are not all the same and study of both the house, the lending used to buy it are like peas in a pod important.
Variables, they are a moving target in our job listing, twisting, closing on properties for sale. A lot of what we do as real estate agents, brokers, REALTORS is a math exercise in the feature list matchmaking of the property and the horsepower to buy a house today if the listing price is realistic.
I'm Maine REALTOR Andrew Mooers, ME Broker
Great points Andrew Mooers ....loan programs and choices of properties are not a one size fits all kind of arrangement. A well qualified and experienced loan officer with a variety of programs available get ably guide the process.
Sally K. & David L. Hanson ... It does require tailor making to have loan program match the property type and conditions. We set the expectations so everything gets to the real estate closing on time.
This is very good information to share with prospective home buyers.
Have a great Friday and an outstanding weekend.
I do consult with new buyers, but ultimately they need to speak to a lender and to do it as soon as they decide they want to buy a home. There are many different loan options out there, and it's best the buyers get this information from a good lender.
Andrew
We are getting the buyers a motgage commitment upfront and we know for sure.
Good luck and success.
Lou Ludwig
Talk to Real Estate Agent with MOOERS REALTY Andrew Mooers (207) 532-6573 servicing Houlton, ME.
I have prospective buyers talk to a mortgage professional early in the process.