Home buying power determines how much you can borrow to buy your home.
It's the "magical combo" of:
Down payment + credit score + income - debt
You have the ability to adjust your home buying power with adjusting your "magical combo". Increasing down payment, income, etc.
If you're thinking of buying a property you need to know your buying power.
You figure out your buying power with your mortgage broker. They will help you determine the best mortgage options for your situation.
If you don't have a mortgage broker to chat with, DM me for some referrals, I'm here to help!