What is home buying power?
- Patrick Stuckwish
- Jan 5, 2023
- 1 min read
Buying power is a term used to describe the amount of money you have available to spend on your home. It's important to keep in mind that buying power is not just about your income, but also about your assets.
If you have a lot of cash saved up or are able to secure a loan for more than 80% of the purchase price, it can help you get into a better home than you might otherwise be able to afford.
If you're considering buying a house, it's important that you know how much money is available for housing and how much you'll be able to spend on other expenses like food and utilities.
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