The Real Estate Browser Volume 8, Issue 12 | Page 21

20 — Say you saw it in The Real Estate Browser of Lynchburg — Volume 8 Number 12
www.LynchburgRealEstateBrowser.com
Buying a Home:
How to Know How High to Go
(StatePoint) Shopping for a home?
Before you begin your search, it’s
important to figure out what you can
comfortably afford.
“The interesting thing about home-
buying is that it isn’t a one-size-fits-
all process,” says Mike Dawson, Vice
President of Single-Family at Freddie
Mac. “After all, it’s your budget and
these are your housing needs. Doing
your homework to figure out what
those needs are is the critical first step.”
Before you start shopping, learn
how much you can borrow. Free online
resources, such as Freddie Mac’s “How
Much You Can Afford” calculator,
found at calculators.freddiemac.com,
can help you get a handle on this fig-
ure during the preliminary stages of
your search. This estimate is based on
income, fixed monthly payments such