The New York Times recently wrote an article in which they explained that although mortgage brokers don’t take transportation costs into consideration when qualifying someone for a loan, that as the buyer, you have to.

When deciding whether or not to buy a home, you may overlook potential changes in the amount of money it takes you to get to work each month. Whether you take public transportation, drive yourself or have an alternate method, figure out just how much it will cost you and factor that in to your monthly budget.

Can you still afford that new mortgage payment?

If not, let your mortgage broker know. This may mean you have to settle for a smaller home with a smaller mortgage, but you’ll be glad that you aren’t struggling to make ends meet later.

However, let’s say you are renting an apartment and spending a lot of money each month getting to work.

Maybe, if you moved closer to work, you’d have extra money each month which would allow you to¬†afford a mortgage payment. Plus, with rates at all-time lows, now is the perfect time to switch from a renter to a buyer.

Have questions about how much you can afford when it comes to buying a new home? Call Creekside Mortgage, Inc. at 800.920.5420 or call 360.571.LOAN (5626). You can also visit