The BEST thing buyers can do before beginning their search is the dreaded B word: BUDGET.
So how much Orange County home can I afford?
Use this as a LOOSE guideline because affordability also depends on your interest, rates, DTI and your property tax plus HOA, if applicable.
Asking yourself how much home can I afford in Orange County? These numbers are a good jumping off point and are likely what you’d qualify for with a lender. BUT if you’re not comfortable with the monthly payment, make adjustments and then do yourself and your agent a solid and stick to your budget. Maybe you want to save up more down-payment, maybe you need to increase your FICO score.
What if I know how much home I can afford?
Consider this… looking at house you CANNOT afford will only make you disappointed in what you CAN afford. There is no need to be sad about buying a NEW house. That is always an incredible blessing and opportunity to build your wealth and lifestyle! 💁🏼♀️
Buying real estate is a game of stacking and if you can’t afford what you want now, the best way to get there is to buy what you CAN afford, improve it, then sell it and buy MORE real estate.
Do this a few times and you’ll likely be in your dream home.
If you’re ready to begin your Orange County home search, start HERE, Search HERE or send me a text at (949)395-0960.
By private I mean, it’s not Zillow and your information won’t be sold to a 3rd party 😉