{"id":783,"date":"2013-11-29T05:33:49","date_gmt":"2013-11-29T05:33:49","guid":{"rendered":"http:\/\/lakeandhomes.com\/blog\/?p=783"},"modified":"2013-11-29T05:33:49","modified_gmt":"2013-11-29T05:33:49","slug":"how-much-home-can-you-afford","status":"publish","type":"post","link":"https:\/\/lakeandhomes.com\/blog\/how-much-home-can-you-afford\/","title":{"rendered":"How Much Home Can You Afford?"},"content":{"rendered":"<p><a target=\"_BLANK\" name=\"article1\"><\/a><a target=\"_BLANK\" name=\"article1\"><\/a><\/p>\n<h1>How Much\u00a0<b>Home<\/b>\u00a0Can You Afford?<\/h1>\n<p><a id=\"article1\" target=\"_BLANK\" name=\"article1\"><\/a><b>The single most important part of buying a house is figuring out how much you can realistically afford to pay.<\/b>\u00a0You&#8217;ll have to take a good look at your budget, debts, credit reports, and credit score. Once you have a good picture of your financial status, start saving as much money as you can for a down payment, closing costs and other extra expenses that come along with buying a house. Extra expenses could include paying for a home inspection (around $300 &#8211; $500 depending on where you live) or hiring a moving company after the sale is final.<\/p>\n<p>Depending on the condition of your finances &#8212; if you have a lot of debt, errors on your credit report, or a low credit score &#8212; getting ready financially could take six to 12 months or more! If your credit score falls below 620, lenders may see you as a risky borrower. This might mean you can only qualify for a sub prime mortgage (one with a higher interest rate). It might be worth your time to take a year and work on building a better credit report before taking on the responsibility of a mortgage. Also, if you qualify for a lower interest rate you could save thousands of dollars over the life of the loan. Be wary of companies that offer to repair your credit for a fee.<\/p>","protected":false},"excerpt":{"rendered":"<p>How Much\u00a0Home\u00a0Can You Afford? The single most important part of buying a house is figuring out how much you can realistically afford to pay.\u00a0You&#8217;ll have to take a good look at your budget, debts, credit reports, and credit score. Once you have a good picture of your financial status, start saving as much money as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131,5],"tags":[102,218,20,226],"class_list":["post-783","post","type-post","status-publish","format-standard","hentry","category-keller-williams-2","category-real-estate-articles","tag-home","tag-loan","tag-mortgage","tag-price"],"_links":{"self":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/comments?post=783"}],"version-history":[{"count":0,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/783\/revisions"}],"wp:attachment":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/media?parent=783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/categories?post=783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/tags?post=783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}