If you need assistance, please call 507-259-4926

Robin Gwaltney
507-259-4926

How Much Can I Afford | Gwaltney Group | RE|MAX Results Blog

Sunday, April 01, 2018   /   by Clark Jones

The first step in the buying process

So you've decided to buy a home.  Perhaps you're tired of renting or your current home just doesn't suit your needs anymore.  Perhaps you have a life event that may have pushed you toward this decision.  Whatever the case may be.  Well, this article will help  to jump start your buying process.  

The mistake that too many new home buyers make is they want to immediately jump into looking at homes. They've made the decision to buy and are super excited to start.  This can be a monumental mistake.  Why?  Too often people are in "la-la" land or in a fantasy world and want to visit homes that they think are pretty cool on line.  They've always wanted a big home.  They've always wanted a huge kitchen or perhaps a large yard.  So they see the home of their dreams on line, call a Realtor who they don't even know or have interviewed, and next thing you know they're standing in this beautiful home.  The Realtor asks them ...

Read More


  first time buyers, home buyers, mortgage, mortgage tips, how much can i afford

Friday, February 17, 2017   /   by Brian Ness

4 Tips to Determine How Much Mortgage You Can Afford

By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget.

Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.

Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t consider your current and future financial and personal goals.

Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative plan to eventually live with you and contribute to the mortgage?

Consider those lifestyle issues as you check out these four methods for estimating the amount of mortgage you can afford.

1. Prepare a Detailed Budget

The oldest rule of thumb says you can typically afford ...

Read More


  afford mortgage, how much can i afford, mortgage, mortgage tips

;