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About the Bentonville, Fayetteville and Bella Vista, Arkansas Area Request our Free Bentonville, Fayetteville and Bella Vista Relocation Package. It's packed full of useful and important information about the Bentonville, Fayetteville and Bella Vista, Arkansas area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about Bentonville, Fayetteville and Bella Vista! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
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First Time Buyers >Affording A Home
Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.
As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.
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| Q |
In what U.S. home can you find the world's largest refrigerator magnet collection?
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| A |
Louise Greenfarb of Las Vegas, Nevada has 35,000 unique fridge magnets that she has been collecting since the 1970's. |
 See More Real Estate Trivia > |
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