Before You Look at Your First House

Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range.

Here are the questions that each home buyer should ask:

How much cash is available for a down payment? The amount you have available for a down payment will affect what types of loans for which you can qualify. Learn more.
Am I ready to write a check for the earnest money? Earnest money is a cash deposit made to a home seller to secure an offer to buy the property. This amount is often forfeited if the buyer decides to withdraw his offer.
How much additional cash will be available to pay for closing costs? There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. Learn more.
What is the maximum monthly mortgage payment that I can afford? Most lenders will use the 28/36 rule to determine the maximum mortgage payment you can afford.

The 28/36 Rule
No more than 28% of your gross income can be applied to your mortgage, real estate taxes and insurance. And no more than 36% of your gross income can be applied to your mortgage expenses plus your regular debt expenses (car payments, credit cards, other loans, etc.).

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information

*Name:
*Email:
Phone:
Street Address:
City:
State:
Country:
Zip/Postal Code:

Some Details

When Are You Moving?:
Where Are You Moving:
Your Price Range?:
Number of Bedrooms?:
Number of Bathrooms?:
Size In Square Feet?:
Any Comments, Concerns, Or Questions:

Note: Fields with an * are required

Real Estate Services for Mendocino County, Northern Sonoma County, and Southern Humboldt County, including EVERY MLS Service Listings for the Bay Entire Area and Direct Links to Homes For Sale and Land for Sale in Ukiah, Redwood Valley, Willits, Anderson Valley, and beyond....

My specialty is to bring buyers and sellers together. If you are looking for information on Mendocino COUNTY real estate, Ukiah real estate, Hopland real estate, Redwood Valley real estate, Potter Vallery Real Estate, Willits real estate, Yorkville real estate, Boonville real estate, Northern Sonoma County real estate, Healdsburg real estate, Windsor real estate, Cloverdale real estate, homes for sale and land for sale in the general area YOU HAVE COME TO THE RIGHT PLACE AND CONTACTED THE RIGHT REALTOR!!

I am your Local Real Estate Expert, Consecutively a TOP AGENT in the Area, and specialize in Residential, Homes, Land, Rural Property, and Lot and Land For Sale Throughout Inland Mendocino County, Northern Sonoma County, and Southern Humboldt County.

All material, images, wording, custom designed searches, and custom material on this are hereby copyrighted by owner of said site and are only allowed to be reproduced, duplicated, used, or granted by permission only.