Be Realistic About Your Affordability

You need to be realistic about how affordable your new home purchase will be for you, once you have a mortgage to pay for, home maintenance, and all the bills that come with homeownership. Carefully look at your budget and cost everything out – doing so will not only help you feel confident that you’ll be financially stable after your purchase, but your mortgage lender will want to see proof of it, too.
Remember that it won’t matter how big your house is, or that it’s in the best location if you can’t keep up your mortgage repayments, so be honest about your financial situation and try not to tweak the numbers to suit you.