How do I set my budget? 

Answer:  If you are paying cash, you are the only one that can decide what your budget is.  If you are getting a mortgage, your pre-approval will help you set your budget.  You are approved to buy a home in the amount of the pre-approval or below.  However, just because you are pre-approved for a certain amount does not mean that you have to spend that much.  Look at the monthly payments on the pre-approval letter to see if they are appropriate for you.  If not, consider spending less on a home than the amount you were pre-approved for.  Feel free to play around with the mortgage calculator on my site.  I can't stress this enough--set your budget BEFORE you start to search for homes!  

  

What are my loan options?  

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