When you are looking to make a real estate transaction, the first step is to always figure out how much you can afford to spend and how much you can finance.. There are a lot of factors that go into it, but most people qualify for a mortgage that adds up to less than 36% of their monthly income for principal, interest, insurance, and taxes (aka a Debt-to-income ratio of 36). That being said, you should speak to a mortgage professional and get pre-approved for an amount. Evaluate your financial situation The important thing to remember is that personal timing is more key than market timing. When looking for a mortgage, you have to make sure you’re financially sound and […]