You have finally decided to achieve a lifelong dream and purchase your own home…Congratulations!
Buying a home is a huge step in the right direction and it is one of the largest financial and emotional decisions you will ever make.
First thing you want to do is contact your lender of choice to determine a pre-approval amount.
Your lender will look at your finances, monthly expenses, credit standing and down payment.
The pre-approval amount is not a guarantee of being approved for a particular property, but it serves as a good guideline as to what you can afford.