Steps To Take Before Buying A Home | Proven

Don't just go with your primary bank. Compare rates and fees from at least three different lenders to save thousands over the life of the loan. [6] 5. Define Your "Must-Haves" vs. "Nice-to-Haves"

Don’t drain your savings. You’ll need a "house emergency fund" for the inevitable leaking water heater or broken AC in month two. [1] 3. Get Pre-Approved (Not Just Pre-Qualified) steps to take before buying a home

A good agent represents your interests, not the seller's. They help with negotiations, paperwork, and spotting red flags in a property. [2] Don't just go with your primary bank

Typically 2%–5% of the home’s purchase price. [5] Define Your "Must-Haves" vs

Lenders generally want to see that your monthly debt payments (including the new mortgage) don’t exceed 36%–43% of your gross monthly income. [4] 2. Save More Than a Down Payment You5% to 20% down payment. Ensure you have:

Before you get emotional at an open house, list your non-negotiables: