: How much of your monthly income goes toward existing debts? Lenders look at this to see if you can handle a mortgage.
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: Do you know your credit score? A high score is essential for securing the best mortgage rates. : How much of your monthly income goes toward existing debts
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: Do you have a down payment ready, plus an emergency fund of at least six months of living expenses? Unforeseen costs like repairs and maintenance always crop up.
Test how well you understand the actual steps of buying a house to avoid common pitfalls.
: Do you plan to live in the home for at least 5–10 years? Real estate usually needs time to appreciate in value to make the investment worthwhile. Part 2: The "Process Pro" Knowledge Check