Affording Charleston Homes

Primary Color:
Primary Text:
Secondary Color:
Secondary Text:
Tertiary Color:
Tertiary Text:

Color Picker

Preview

FeaturesTypographyTutorials

Module Title

Home

Module Title

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Ut non turpis a nisi pretium rutrum. Nullam congue, lectus a aliquam pretium, sem urna tempus justo, malesuada consequat nunc diam vel justo. In faucibus elit at purus. Suspendisse dapibus lorem. Curabitur luctus mauris.

Module Title

Instructions

Select a predefined style from the drop-down or choose your own colors via the handy mooRainbow based color-chooser. When you are satisfied with your selection, click the "Apply Colors" button below to store your selection in a cookie.

Apply Colors

Current style configuration: Default

Randy Poole
Broker In Charge
843-693-8333
randy@beaconsc.com

Jeff McIlhenny
Owner, Broker
843-452-2953
jeffm@beaconsc.com

Affording Charleston Homes

| Print |

What kind of Charleston Home can I afford?

Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have.

In general, lenders don't want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts.

It pays to check with several lenders before you start searching for a home. Most will be happy to roughly calculate what you can afford and prequalify you for a loan.

The price you can afford to pay for a Charleston home will depend on six factors:

1. gross income
2. the amount of cash you have available for the down payment, closing costs and cash reserves required by the lender
3. your outstanding debts
4. your credit history
5. the type of mortgage you select
6. current interest rates

Have a question about buying Charleston homes?

Last Updated ( Tuesday, 17 November 2009 )

< Prev

Featured Listings

Warning: getimagesize(/home/jeffm/public_html/components/com_hotproperty/img/thb/246_1102628.jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/jeffm/public_html/modules/mod_hp_featuredprop_wpic.php on line 66

Warning: getimagesize(/home/jeffm/public_html/components/com_hotproperty/img/thb/245_1103366.jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/jeffm/public_html/modules/mod_hp_featuredprop_wpic.php on line 66

Warning: getimagesize(/home/jeffm/public_html/components/com_hotproperty/img/thb/243_091.jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/jeffm/public_html/modules/mod_hp_featuredprop_wpic.php on line 66

Warning: getimagesize(/home/jeffm/public_html/components/com_hotproperty/img/thb/244_1028850.jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/jeffm/public_html/modules/mod_hp_featuredprop_wpic.php on line 66