Budget for "closing costs" (usually 2–5% of the home price) and an emergency fund for that inevitable first-week plumbing issue. 2. Get Pre-Approved (Not Just Pre-Qualified)
Tip: Ignore the ugly wallpaper or dated carpet. Those are cheap fixes that can help you get a better price. 5. The Finish Line: The Closing looking to buy a house for the first time
It’s easy to get distracted by shiny appliances. Focus on the things you change: Budget for "closing costs" (usually 2–5% of the
Never skip this. They are the only people paid to tell you what’s wrong with your dream home. 4. Distinguish "Must-Haves" from "Nice-to-Haves" Those are cheap fixes that can help you get a better price
Commute time, school districts, and neighborhood vibe.
In a competitive market, a pre-approval letter is your golden ticket. It tells sellers you’re a serious buyer with the financial backing to close the deal. Shop around with at least three lenders to compare interest rates and loan terms. 3. Build Your Squad You don't have to do this alone.
Your credit score is the engine of your mortgage. The higher it is, the lower your interest rate, which can save you tens of thousands over the life of the loan.
