HOW MUCH HOUSE CAN YOU AFFORD?

ARE YOU A FIRST-TIME HOMEBUYER OR SEASONED REAL ESTATE INVESTOR? JOIN KIERA THOMAS A LICENSED MORTGAGE LOAN OFFICER, AS SHE GUIDES YOU THROUGH THE HOME BUYING PROCESS WITH OUR COMPREHENSIVE HOME AFFORDABILITY CALCULATOR. DISCOVER HOW TO CALCULATE YOUR DEBT-TO-INCOME RATIO (DTI), UNDERSTAND THE 29/41 RULE, AND PLAN FOR YOUR DOWN PAYMENT AND CLOSING COSTS. WHETHER YOU'RE LOOKING TO BUY YOUR DREAM HOME, NAVIGATE THE REAL ESTATE MARKET IN 2024, OR EXPLORE DIFFERENT MORTGAGE OPTIONS, THIS VIDEO COVERS ESSENTIAL TOPICS LIKE MORTGAGE PRE-APPROVAL, LOAN PRODUCTS, INTEREST RATES, AND MORE. GAIN VALUABLE HOMEOWNERSHIP TIPS AND LEARN HOW OUR DIGITAL FINANCIAL PLANNER CAN HELP YOU STAY ON TRACK. DON’T MISS OUT ON EXPERT ADVICE TO SECURE YOUR DREAM PROPERTY WITH CONFIDENCE!

TIMELINE:
00:00 - INTRO
00:34 - ABOUT ME
00:51 - HOME AFFORDABILITY CALCULATOR
01:07 - THE 29/41 RULE FOR HOME AFFORDABILITY
01:40 - UNDERSTANDING YOUR DTI (DEBT-TO-INCOME RATIO)
02:13 - SPENDING LIMITS
02:57 - DIGITAL SPREADSHEET FINANCIAL PLANNER ACCOUNTABILITY
03:13 - OTHER FACTORS AFFECTING HOME AFFORDABILITY
03:20 - MORTGAGE TERM
03:31 - MORTGAGE INTEREST RATE
03:42 - MONTHLY BUDGET
03:51 - RESERVES
04:00 - DOWN PAYMENT
04:12 - ADDITIONAL COSTS
04:54 - BUYING AN AFFORDABLE HOME
05:09 - PREPARE FOR EMPLOYMENT CHANGES
05:22 - UNDERSTAND MORTGAGE OPTIONS
05:36 - VA LOANS
05:46 - FHA LOANS
05:57 - USDA LOANS
06:03 - JUMBO LOANS
06:11 - PLAN FOR EMERGENCIES
06:22 - WORK WITH ME



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