As you know, one of the most important things to figure out at the start of your home search is your price range. While there isn't one foolproof method, figuring out your debt-to-income ratio is generally a good start. Debt-to-income (DTI) ratio is the percentage of your monthly gross income that goes toward paying off your home and your other debts. A typical DTI required by a lender is 28/41 (Conventional Loans) or 31/43 (FHA & VA Loans).
If you have any questions or want help figuring out your price range, I'm happy to help - please feel free to contact me. No matter what your price range is, I'm confident that we can find the right home for you.
Nakia
Nakia Evans, REALTOR (R), Licensed in Maryland
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