What To Do First When Buying A Home ★ Trusted & Best

The following article outlines the essential first steps for any prospective homebuyer.

Don't just rely on a lender's maximum loan amount. Use an Online Mortgage Calculator to estimate monthly payments, but ensure your total housing costs (mortgage, taxes, insurance) stay under 32% of your gross monthly income to avoid being "house poor". what to do first when buying a home

In Canada, the minimum down payment is 5% for homes under $500,000, while homes over $1.5 million require 20%. 2. Leverage Government Incentives The following article outlines the essential first steps