09/09/2026
Iโm Cheryl, your Orange County Realtor ๐๐ก๐
Getting preapproved is exciting โ but the number on that preapproval letter isnโt necessarily what you should spend.
Your REAL buying power comes down to one question:
What monthly payment are you comfortable with โ and can you live with it?
Your monthly housing costs can include:
๐ก Principal โ paying down what you borrowed
๐ฐ Interest โ the cost of borrowing the money
๐๏ธ Property taxes
๐ก๏ธ Homeowners insurance
๐๏ธ HOA dues โ if applicable
๐ Mortgage insurance โ depending on your loan
Your loan officer should break down your estimated monthly payment so you understand exactly what youโre looking at. If you need a trusted loan officer, Iโm happy to connect you with one.
Being approved for it doesnโt mean you have to spend it.
Itโs my mission to make sure my buyers feel comfortable and confident with their purchase. I never want a buyer financially stretched simply because they qualified for more.
Thatโs why we establish a comfortable price point BEFORE we start shopping.
Want to understand your true buying power? Letโs set up a Buyer Strategy Session and walk through it together.
Buying | Selling | Strategy โ Link in Bio ๐
Cheryl Macias
DRE # 02149929
Onyx Homes | First Team Real Estate
๐ Orange County