How much can I afford?
It is recommended that you have only one-fourth of your income going toward house payments. That means net income, or 25% of what you earn after taxes; your take-home pay. If you go over 35%, that is risky.

What are my costs above the loan payment?
Whether the house is new or old, you should expect to make repairs. That’s why it is important to keep your mortgage payment no higher than 25% of your net income.

What do I require in a neighborhood?
Consider how long it will take to get to work, to school, and other places that you go on a regular basis. Shopping should be conveniently located as well. The neighborhood should be well kept.

Will my new house fit my growing family and long-term goals?
Consider how many bedrooms you may need. Is there office space? Are public schools or private schools a priority?

Am I ready to own a home?
Owning a home is a huge responsibility. You will spend money on it. Maintenance will be required. Get all the information you can before you make the decision, so you will not be unprepared. Still, owning your own home is much better than renting. Finding one that you really can afford is important.