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  Cell: 540-449-1953 Wk: 540-639-9672   Wk: 540-639-9672 Cell: 540-449-9674   Cell: 540-449-9675 Wk: 540-639-9672  1300 E. Main St. Radford VA 24141 Toll Free: 800-540-8718 Fax: 540-633-0972 Email Bill, Evelyn and Bart   |
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Current Topic:
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.Affording A Home 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. If there's a move in your future, we are ready to serve you! Email us or call us at 540- 639-9672. |
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  The average home is on the market 68 days in Radford, 78 days in Blacks- burg, and 82 days in Christian- sburg.  A Radford home is a great invest- ment!  Radford homes sell quickly! |
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