Do You Know Your Home Buying Power?


Overview Of Home Buying Power Hello, Mohamed Alawiyat here, and I want to talk to you today about home purchasing power. Home buying power refers to the financial ability of an individual or a household to purchase a home. It is determined by various factors such as income, expenses, credit score, down payment, and interest rates. Understanding one’s home buying power is crucial when looking for a home since it helps determine the type of house one can afford and the mortgage amount one can qualify for. To determine one’s home-buying power, one needs to consider their monthly income and