Local Realtors answer questions about trends and offer tips to homebuyers and sellers considering buying or selling a home in or around Frisco.

Nikki DiBella

The Cheney Group

How should someone determine a budget for buying a home? One of the best online tools to use is the calculator feature (choose the “How much can I afford?” calculator) at www.bankrate.com. This feature helps to determine how much house is affordable based on personal financial details a buyer inputs. This online tool can give an estimate of what it would cost each month based on the buyer’s comfort level regarding down payment, interest rate and other important factors. It is always my advice to seek the counsel of a qualified mortgage professional once the decision is made to purchase a home.