Starting The Home Buying Process -

Your agent will help you draft a purchase agreement with contingencies (e.g., inspection or financing). Home Inspection and Appraisal:

Use an affordability calculator to estimate monthly payments. Experts suggest keeping total housing costs under 30% of your gross income. Save for Upfront Costs:

While 20% is ideal to avoid Private Mortgage Insurance (PMI) , some programs like FHA only require 3.5%. starting the home buying process

Aim for 3–6 months of living expenses in reserve.

Non-negotiables like the number of bedrooms, layout, or school district. Your agent will help you draft a purchase

Lenders use this to set your interest rates. A higher score can save you thousands over the life of the loan.

Unlike pre-qualification, a pre-approval requires verified documentation (pay stubs, tax returns) and is essential for making a serious offer. Phase 2: Building Your Team and House Hunting Save for Upfront Costs: While 20% is ideal

Plan for an additional 2% to 5% of the purchase price for legal and administrative fees.