Joe Szabo Scottsdale Homes for Sale
By Joe Szabo, Scottsdale Real Estate Team
If you keep careful track of your expenses, it’s not too difficult to estimate how much you can afford to spend on a house. Here’s a list of expenditures that you can use to help tally up your monthly expenses:
1) Rent
2) Electricity
3) Gas
4) Telephone
5) Auto Loan
6) Auto Insurance
7) Health Insurance
8) Renter’s Insurance
9) Savings/Retirement Contribution
10) Grocery Bill
11) Weekly Transportation
12) Restaurants/Food Delivery
13) Entertainment
14) Health Club
15) Child Care
16) School
17) Children’s Expenses
18) Housecleaning Expenses
19) Vacations (divide annual expense by 12 to figure monthly average)
20) Books/CDs
21) Newspapers/Magazines
22) Laundry
23) Gifts
24) Major Purchases (stereo/computer)
25) Furniture/Decorating
26) Clothing
27) Sundries/Drugstore Items
28) Miscellaneous Expenses
If your monthly expense total is too close to your monthly after-taxes take-home pay, you should start looking at ways to cut them down. One of the newest ways to get pre-qualified for a home loan in minutes is a system called “Computerized Loan Origination” (CLO). Some brokers use it in their offices, but they’re currently unregulated so there are still some potential problems with them:
1) Many CLOs only use mortgage packages from one lender. Therefore, the mortgage company and broker view you as a captive audience, and you could wind up paying more than market value for your loan.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of the best Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes forSale and Estates forSale inScottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
