A lot of buyers ask how much house they can afford and their lender will approve them for that number. That’s the lender’s job. But that doesn’t mean that’s what you should borrow.
Here’s the real question: how much monthly payment makes you feel comfortable for your lifestyle? Because there’s a huge difference between the maximum amount you can afford and what actually works for your life and a good lender will help you understand that.
Hi, I’m Tanja Odzak, Realtor with eXp Realty, helping people sell and buy homes right here in the East Bay for the last 10 years!
In the East Bay market right now, I see buyers get pre-approved for $1.2 million and then realize a $7,000 mortgage payment means no date nights, no vacations, no flexibility. That’s not winning. That’s financial stress disguised as homeownership.
The goal isn’t buying the most expensive home possible. The goal is to buy a home you can enjoy without carrying the weight of it. A home that fits your actual life, not just your credit score because you can always buy a bigger house if your life and your income dictate that you can afford it down the road.
Here’s what I recommend before you start looking. Sit down with your lender and Me and discuss real numbers and figure out what payment leaves you breathing room? What price range lets you live, not just survive in your home? That’s your real number. This is a great conversation to have with me and your lender so your entire team is on the same page. If you need a referral to a great lender, just ask!
The East Bay has incredible options at every price point. You don’t need to max out to get something great.
I’m Tanja Odzak and I’ve sold over $95 Million worth of homes and have a decade of experience, If you’d like help understanding what a comfortable buying range looks like for your situation, reach out. Message me “AFFORD” and let’s talk about what actually works for you.