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Columbus & Central Ohio, United States
DeLena Ciamacco is a well-known, respected Top Producing Realtor in Central Ohio. Her myriad of accomplishments, recognition, and professional credentials as they relate to Real Estate, make her a perfect individual to provide insight to the masses on all aspects of Real Estate sales. Her creativity and honest approach to marketing Real Estate has enabled her to succeed in her career. DeLena’s philosophy is “An educated and well prepared Buyer or Seller is a smart Buyer or Seller”. Her desire is to inform the public, by pulling from her 20+ years of Real Estate sales & Marketing, what is necessary to get to a successful closing in these challenging times.

Monday, August 26, 2024

What's Your Home Price Range?

 


🏡💰 How to Determine Your Home Price Range 💸🔑

Calculate your income 💼
Monthly earnings from a job, investments, etc.

Assess your down payment 💲
Aim for 20% to avoid PMI

Check your credit score 📊
Higher score = better rates

Evaluate your debt-to-income ratio (DTI) ⚖️
Keep it below 43% for better approval odds

Use the 28/36 rule 🧮
Housing costs ≤ 28% of gross monthly income
Total debts ≤ 36% of gross monthly income

Factor in additional costs 📝
Property taxes, insurance, HOA fees, etc.

Get pre-approved 🏦
Gives you a clear budget to work with

Remember: What you can afford may differ from what you're comfortable spending! 💡
#HomeBuying #MortgageTips #RealEstateAdvice #HouseHunting #FinancialPlanning

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