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When a buyer is purchasing a property by securing a loan from a bank they are usually looking for a particular monthly payment amount more than a purchase price. The payment amount of a particular property can vary greatly depending on the person buying it. Many people will contact a Realtor and say "I want to buy a house for $___" but do not understand that the payment amount their friends are paying for their home at that price may not be the same they will pay to borrow that amount. Therefore, you need to get with a mortgage professional and let them tell you how much home you can purchase for the amount you are willing to spend monthly.
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