First Time Home Buying Process Info

: Use the 28/36 rule —your mortgage should not exceed 28% of your gross monthly income, and total debt shouldn't exceed 36%.

: An experienced agent helps you find properties, navigate local markets, and negotiate offers. first time home buying process

Before visiting homes, you must establish what you can afford. : Use the 28/36 rule —your mortgage should

: Separate "must-haves" (e.g., number of bedrooms, school district) from "nice-to-haves" (e.g., pool, fenced yard). navigate local markets

: A lender reviews your financial documents (tax returns, pay stubs, bank statements) to give you a letter stating the loan amount you qualify for. This is critical; many realtors will not show homes without it. Save for Upfront Costs :

: A score above 740 is excellent, while 620 is the usual minimum for most mortgages.