Before you begin the search for a new home, you need to determine the price range you can afford. The quick answer to that question was once to multiply your annual salary by 2.5. However, in today’s world, it is much more complicated. Many people have fluctuating income, student loans, significant credit card debt, child support, alimony or other factors that will impact how much they can borrow. In addition, you need to calculate approximately how much you will owe in real estate taxes and insurance.
The best way to get started is to contact a bank mortgage company to find out what amount you can borrow and what your estimated monthly payments will be. By doing this at the start, you can search for a home in the price range you can afford. We recommend the following great mortgage company’s:
Sara Whiddon
State Bank & Trust Company
1208 Washington Street
Perry, GA 31069
478-796-7137 Phone
478-397-3031 Cell
478-987-1519 Fax
Debbie Jernigan
Mortgage Manager
IBERIABANK Mortgage
208 Smithville Church Road
Warner Robins, GA 31088
478-953-6260 phone
478-953-6546 fax