| Tip #1: You're mortgage company should be able to get you a first-time home buyer deal. Either no money down, little money down, etc.
Tip #2: In order for you to not wind up house poor, subtract about 30K from the amount you were approved for. I don't think anybody can ever afford the amount the mortgage company wants to give them.
Tip #3: When using an online mortgage calculator, be sure that it includes the taxes and insurance. Most calculators only add up the principal and the interest. If the calculator you use doesn't have it, add about $150.00 a month.
Hope this helps. |