Know What You Can Afford Before You Shop

One of the biggest mistakes first-time buyers make is falling in love with a home before knowing their budget. Start by reviewing your income, expenses, and savings. Use a mortgage calculator to estimate what you can comfortably afford each month — not just what you qualify for.

Key Costs to Include in Your Home Budget

• Monthly Mortgage Payment (Principal + Interest)

• Property Taxes & Home Insurance

• HOA Fees (if applicable)

• Utilities & Maintenance

• Emergency Fund for Repairs.

Tips to Stay on Track

Set a realistic price range and stick to it — even if you're approved for more. Avoid large purchases or new credit cards before closing, as they can affect your loan terms. A solid budget keeps you focused, confident, and ready for the costs of homeownership.