Your Purchase Power as a Property Buyer
You’ve Got Power.
Buyer purchasing power is a homebuyer’s ability to purchase property funded by mortgage money. The amount of mortgage funds a homebuyer can borrow is based on:
the homebuyer’s income, which usually adjusts annually at the rate of inflation; and
current mortgage rates, which change constantly.
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This means that just by having a job, you have a determined maximum loan amount. Though these numbers fluctuate based on the market, we have a guide that has the current baselines outlined.
If you have questions on what purchase power means to you, let us know & we’ll get back to you as soon as possible.
