Knowing What you Can Afford is the First Step, Come to the Process Informed!
Pre-qualifying for a mortgage is an important first step in the homebuying process. You can find out exactly how much the bank is willing to lend you. Knowing what you can buy will empower your search!
When you pre-qualify you will discover;
How much you can afford for a new property.
Your minimum down payment and the advantages of higher down payments.
What you can afford in monthly payments.
It is extremely helpful when looking at available properties to know exactly which properties are in your price range and how much you can afford to bend for "the perfect home". I can help walk you through these steps and help you get armed with the knowledge you need to make that exciting purchase! 
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Pricing >Listing and Selling Price
When calculating what you can afford in a house, don't just look at the list price. The amount you pay for a house is important when you consider your ability to re-sell the house. Today's mortgage options are increasing the possibilities for home buyers, so you should also take a close look at what it will cost you to live in the house.
Your monthly housing cost is the second figure to consider, and that cost is largely determined by current interest rates. Today's real estate market is very price-driven. Homes which are in the best condition and have the most attractive price tags are the ones that sell.
Diverse financing options and competition among lenders are giving many buyers the opportunity to buy a more expensive house or condo than they thought they could afford--and sooner. There are many creative ways to get into a home with a relatively small amount of money. Ask your real estate agent to help you look at today's numbers--you may be pleasantly surprised.
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Marlene Goldberg, Realtor, GRI
Prudential Fox and Roach Realtors
500 Old York Road, Suite 200
Jenkintown, PA 19046
215-517-6362
marlene@marlenegoldberg.com
Marlene has been licensed in Pennsylvania since 1984 and brings her extensive skills to every real estate transaction. She has helped over 900 families buy and sell their homes as well as helping many investors purchase real estate as a part of their total financial portfolio. She is a multi-million dollar top producer marketing the tri-county areas of Philadelphia, Bucks, and Montgomery Counties. Marlene is a past director of the Multiple Listing Service for the Philadelphia Board of Realtors. She has also educated and trained real estate salespersons for careers in real estate. 
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