Quote:
Originally Posted by nyalpine90
correct. we were told to get preapproval, just to go see a house.
how the hell do you get an idea of how much of loan you can get approved.
i been playing with online calculators..trying to get an estimate.  |
My bank told me the maximum we would be pre-approved for. This will be drastically higher than what you can realistically afford. But from that number you can figure out approx monthly mortgage payments, down payment, and closing costs. Then set an ideal house cost and a maximum house cost you can afford.