"If you have a reliable paycheck coming in, the next thing to figure out is what you can afford. This depends on your budget, spending habits, debts, and more. At this point, it helps to talk with a trusted lender. They'll be able to tell you about the pre-approval process and what you're qualified to borrow, current mortgage rates and your approximate monthly payment, closing costs, and other expenses you'll want to budget for. That way, you have a good idea of what to expect."
"3. Do you have an emergency fund? As you crunch your numbers, you'll want to make sure you have enough cash left over in case of emergency. Think about it. You don't want to overextend on the house, and then not be able to weather a storm if one comes along. It's not a fun topic, but it's an important one."
Deciding to buy a Boston condo in 2026 should rest primarily on personal financial readiness rather than market timing. Confirm stable employment and predictable income before committing to a mortgage. Calculate affordability by reviewing budget, debts, and spending patterns, and obtain lender pre-approval to learn borrowing limits, expected monthly payments, current mortgage rates, closing costs, and other expenses. Preserve an emergency fund so homeownership costs do not overextend finances. Align the purchase with long-term life goals and readiness to maintain a condo. Focus on controllable factors—income stability, affordability, savings, and plans—when making the decision.
Read at Boston Condos For Sale Ford Realty
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