Things I Should Know Before Buying A House -

: Lenders use this to determine how much you can borrow. Aim for a total monthly debt (including the new mortgage) that does not exceed 28–30% of your gross monthly income.

One of the most common mistakes is house hunting before establishing a clear budget or securing financing. things i should know before buying a house

: A pre-approval is an official lender document based on verified financial data like W-2s and credit scores, giving you a competitive edge in bidding. : Lenders use this to determine how much you can borrow