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  • Why Buyers Choose Deb Paton-Showley Group - Why homebuyers looking for a real estate agent in the Warsaw, Syracuse and Winona Lake area choose Deb Paton-Showley Group.

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Real Estate Tips
First Time Buyers >Affording A Home

Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.

As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.

Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.

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Real Estate Trivia
Q 
What is considered one of the key elements of the American dream?

A 
Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year.
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Deb Paton-Showley Group, REALTOR®, real estate agent and broker for Warsaw, Syracuse and Winona Lake, Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Deb Paton-Showley Group
Coldwell Banker Roth Wehrly Graber

2580 Walton Blvd.
Warsaw, IN 46582
Direct: 574-268-3438
Fax: 574-267-4443
Mobile: 574-527-6022
dshowley@cbrwg.com
psghomeinfo@dishmail.net

We pride ourselves on serving our clients to the best of our ability. We are proven experts in lake properties, new construction, residential, and lots & land for Warsaw, Winona Lake, Syracuse, Leesburg, and all of Koskiusko county. We specialize in selling homes on Lake Wawasee, Lake Tippecanoe, Syracuse Lake, Webster Lake, Barbee Chain of Lakes, and Winona Lake. We also specialize in custom homes located in Shadow Lake Estates and Eagle Crest Development in Warsaw, IN. Relax, at Paton-Showley Group, we do the work for you! Give us a try today.

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