Setting a budget to purchase a property is an important decision. Ideally this should be considered a prerequisite to actually attending viewings and closing on a home. Calculating how much you can afford or wish to spend each month and then translating that into an acceptable mortgage amount is a crucial step but reality can settle in quite rapidly. Step across a few home thresholds and your expectations may not match your budget.
Individuals in this scenario are not alone in this conundrum nor will they be the last to face it. Normally there are three options available to homebuyers that need to be considered before proceeding with a decision. Each of these options are conveniently highlighted below to assist in weighing each potential avenue and
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