Know Your Budget
Before you begin your home search will help
you identify the monthly payment you can afford. Know how much you (and any co-buyers) bring in each month, subtract your total monthly expenses, and assess your savings
Most experts agree that you should spend no more than 30-percent of your monthly income on housing. Don’t forget that owning a home comes with additional costs to the mortgage such as utilities, homeowner’s insurance, property taxes, maintenance/repairs, and more.
Get A Down Payment Together
In most cases, a down payment is required to purchase a home. This up-front payment could be as little as 5 percent or as much as 20 percent of the purchase price of the home. Your agent and/or lender will let you know.