This is the Million Dollar Question! The best way to truly find out what your purchasing power as a buyer is to speak with a Mortgage Lender. A loan officer will work with you in finding how much home you can afford based on numerous factors regarding your financials. This pre-approval step is crucial in the home buying process, as you wouldn’t want to fall in love with a home that is outside of your budget. The pre-approval process is actually much simpler and quicker than people think and starts with an online application. And with all of my years of experience, I have great lender recommendations!