how much home you can afford. Generally, you can afford a home equal in value
to between two and three times your gross income.
Develop a wish list of what you'd like your home to
have. Then prioritize the features on your list.
three or four neighborhoods you'd like to live in. Consider items such as
schools, recreational facilities, area expansion plans, and safety.
if you have enough saved to cover your downpayment and closing costs. Closing
costs, including taxes, attorney's fee, and transfer fees average between 2
percent and 7 percent of the home price.
your credit in order. Obtain a copy of your credit report.
how large a mortgage you can qualify for. Also explore different loans options
and decide what's best for you.
all the documentation a lender will need to preapprove you for a loan.
research to determine if you qualify for any special mortgage or
the costs of homeownership, including property taxes, insurance, maintenance,
and association fees, if applicable.
experienced REALTOR who can help you through the process.