Do you know how much House you can afford?
Here in Shreveport and Bossier City the market is flooded with inventory so take the time to calculate how much home you can afford to buy. This isn't the time to ballpark numbers. Overcommitting to a mortgage payment can leave you house poor, meaning there's very little money left over at the end of the month for other things. Add up all your spending, including current rent, food, transportation and discretionary expenses like travel, eating out and entertainment Don't forget to include debts like student loans and car payments. Once you know how much you have coming in and going out each month, determine a number you can afford to spend on housing.
Now call or visit a local mortgage lender in Bossier City or Shreveport before looking at homes, I can recommend a few. I like to deal with someone local where you can walk right in and see them. Getting pre-approved for a loan will also help give you a sense of your housing budget. But note that just because a bank agreed to give you a loan, doesn't mean you have to spend that much. I tell my clients due to our market take your time, stay in your comfort zone, its my job to find the right home.