Dallas, Plano, Frisco, Prosper, McKinney and Allen Real Estate Homes Texas Real Estate Homes and Information:
Dallas, N. Dallas, Plano, Frisco, McKinney
Also: Addison, Anna, Carrollton, Celina, Colleyville, Coppell, Fairview, Flower Mound, Grapevine, Highland Park, Lake Highlands, Lantana, Las Colinas, Lewisville, Little Elm, McKinney, Murphy, Park Cities, Parker, Preston Hollow, Prosper, Rowlett, Sachse, Southlake, The Colony, University Park, Uptown, Wylie and Surrounding Cities  Looking for homes? Search everything right here! Don't miss my Feature Homes. Need local real estate information? You can find information on Dallas, Frisco, McKinney, Allen and Plano real estate on this site plus more! Need expert advice? This site is filled with ways that you can contact me for one-on-one expert help and advice. I am an email or phone call away! Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top REALTOR, I have the experience and track record you are looking for. I am here when you are ready. - Rene Burchell
First Time Buyers >Affording A Home
Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.
As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.
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