What to do before you start browsing homes

Start with the monthly life—not the maximum approval

A lender may tell you the largest loan you qualify for. Your job is to decide what payment leaves room for the rest of your life. Build a housing budget that considers principal, interest, property taxes, homeowners insurance, mortgage insurance when applicable, HOA dues, utilities, maintenance, and your other goals.

Prepare the financial file

• Review your credit reports and dispute genuine errors early
• Avoid opening new debt or making large unexplained deposits
• Organize income, employment, asset, and debt documents
• Keep funds for inspections, appraisal, closing, moving, and reserves

Compare complete loan offers

Interest rate matters, but it is not the only cost. Compare APR, points, lender credits, mortgage insurance, monthly payment, and cash to close using official Loan Estimates from lenders.

Then define the home

Separate needs from preferences. Location, commute, school considerations, accessibility, property type, condition, and future plans should shape the search before finishes and fixtures do.