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Konten disediakan oleh Philip Mastroianni. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Philip Mastroianni atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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21 - How To Budget for Buying A House

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Manage episode 362713015 series 3357663
Konten disediakan oleh Philip Mastroianni. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Philip Mastroianni atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

We'll be discussing the age-old question, how much should we spend on a home? With everyone's situation being unique, it's important to talk about the fundamentals of creating a budget and give you some overall guidance that you can use to come up with your ideal budget.

Tools & Resources:

Starting with the two things that you need to concern yourself with – what price home will your budget allow for, and what price home should your budget allow for? The main difference is what will a lender approve you for and what you're comfortable with spending. We'll dive into how lenders calculate your debt-to-income ratio (DTI) to know the maximum you can be approved for.

However, is that maximum amount realistic? We'll walk you through the general rule of spending not more than 25% of your pre-tax income on a mortgage payment.

We'll also be covering the three main sections that will help you understand what you should spend on a home:

  1. Creating a budget and understanding how much you actually spend monthly
  2. Looking at both your budget and the amount a lender will approve you for
  3. Short-term and long-term planning, considering your career, living expenses, rent increases, and housing expenses.

Send us a text

Support the show

Find all our episodes, articles, newsletter, and resources on our main site: https://FTHBPros.com
Looking for a local real estate agent?
We’ve partnered with Home & Money, simply go to https://homeandmoney.com/FTHB/ and we’ll help connect you with a local, vetted agent.
Contact Information:

Philip Mastroianni – Loan Officer & Real Estate Agent
(949) 357-5029
Phil@HomeLoansPM.com
First Community Mortgage
NMLS# 2141541
DRE# 02141890
FCM NMLS ID 629700
Loan Application: Apply Online
Monica Mastroianni – Real Estate Agent
(951) 395-1848
Monica@HomesMM.com
DRE# 02099257
Legacy Homes Realty

  continue reading

29 episode

Artwork
iconBagikan
 
Manage episode 362713015 series 3357663
Konten disediakan oleh Philip Mastroianni. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Philip Mastroianni atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

We'll be discussing the age-old question, how much should we spend on a home? With everyone's situation being unique, it's important to talk about the fundamentals of creating a budget and give you some overall guidance that you can use to come up with your ideal budget.

Tools & Resources:

Starting with the two things that you need to concern yourself with – what price home will your budget allow for, and what price home should your budget allow for? The main difference is what will a lender approve you for and what you're comfortable with spending. We'll dive into how lenders calculate your debt-to-income ratio (DTI) to know the maximum you can be approved for.

However, is that maximum amount realistic? We'll walk you through the general rule of spending not more than 25% of your pre-tax income on a mortgage payment.

We'll also be covering the three main sections that will help you understand what you should spend on a home:

  1. Creating a budget and understanding how much you actually spend monthly
  2. Looking at both your budget and the amount a lender will approve you for
  3. Short-term and long-term planning, considering your career, living expenses, rent increases, and housing expenses.

Send us a text

Support the show

Find all our episodes, articles, newsletter, and resources on our main site: https://FTHBPros.com
Looking for a local real estate agent?
We’ve partnered with Home & Money, simply go to https://homeandmoney.com/FTHB/ and we’ll help connect you with a local, vetted agent.
Contact Information:

Philip Mastroianni – Loan Officer & Real Estate Agent
(949) 357-5029
Phil@HomeLoansPM.com
First Community Mortgage
NMLS# 2141541
DRE# 02141890
FCM NMLS ID 629700
Loan Application: Apply Online
Monica Mastroianni – Real Estate Agent
(951) 395-1848
Monica@HomesMM.com
DRE# 02099257
Legacy Homes Realty

  continue reading

29 episode

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