Search Affordable Real Estate – Your Ideal Home Within Reach
Crestico offers a well-structured, insightful guide to help buyers navigate the challenging landscape of finding a budget-friendly home without sacrificing quality or value
Build your future with CRESTICO – where agents come first, opportunities are endless, and your success is our top priority.
Most homebuyers have a general idea of how much they’re comfortable spending, but it’s equally important to understand how much a lender determines you can afford. With help from your Crestico Real Estate Agent, you’ll be better prepared to navigate the many details involved in the home financing process. Lenders typically follow the 28/36 rule—your total monthly housing costs (including mortgage principal, interest, property taxes, and hazard insurance) should not exceed 28% of your gross monthly income, while your total housing costs plus any long-term debt should remain below 36%.
To get a clearer idea of your buying power, start by using our Mortgage Calculators, then work with your Crestico agent to begin the prequalification process. Knowing how much you can afford in monthly payments is more important than just looking at the sales price or down payment. Becoming a pre-approved buyer strengthens your position in the market, showing sellers you’re serious and financially ready. A mortgage pre-approval gives you a specific price range and peace of mind, allowing you to act quickly when you find the right home.
At Crestico, we’ve partnered with American Guardian Home Loans to offer personalized financing solutions. Contact us today and we’ll prepare a custom mortgage quote for you. Just Contact Us and a Crestico agent will reach out to assist you in getting into the home of your dreams—with confidence and clarity.