How Much House Should I Actually Buy? | Harpreet Sekhon – INDI Mortgage
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How Much House Should I Actually Buy?

The Bank Has a Maximum. You Should Have One Too.

Harpreet’s perspective

Real questions. Real properties. Real numbers.

Let’s say the numbers suggest you can qualify for an $800,000 purchase. Congratulations. Now my question is: do you actually want an $800,000 house?

Qualification tells us what may be possible under lending guidelines. It does not know how often you travel, what you spend on your kids, whether you enjoy restaurants, or about the boat you have been secretly looking at online.

Comfortable Beats Maximum

I want to know what monthly payment makes you comfortable. Then add property taxes, insurance, utilities, condo fees where applicable, and maintenance. Now ask yourself: can I still live the life I want?

There is nothing wrong with buying below your maximum qualification. In fact, sometimes it is the smartest thing you can do. Your house should improve your life; it should not become the only thing you can afford to do.

General information

Bring the details before you make the decision.

These articles are for general educational and informational purposes only. They are not financial, investment, legal, tax, appraisal, construction, or real-estate advice. Qualification, rates, lender policies, property requirements, and financing options vary by borrower, property, lender, and transaction and remain subject to applicable approvals and requirements.

A practical next step

Let’s talk through your situation.

Bring the property, question, or idea. We can look at the mortgage strategy and the bigger picture together.

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