Having a house is everybody’s dream. This is the exiting moment for us. We will carefully looking for some information about the house.

But usually we get trap on the type and the style of the house only. We are not really think about the payment or the financial responsibility.

If you’re considering a home purchase in the near future – or within a few years – you should brush up on your mortgage knowledge.

You can learn about mortgage in my previous posts.

Next we will talk about what you should do before applying, what to watch for during the process, and how to use a mortgage after you’ve bought your home.

How Much Home Can You Afford?

Make sure that your dream home does not become a nightmare. It’s important to understand how much you can reasonably pay for a home. Lenders use their own methods to determine how much you can borrow. They’ll look at your debt burdens compared to your monthly income. Before you go shopping, get an idea of the size of loan you’ll qualify for.