This must include your down payment, closing costs (typically 2–7% of the purchase price), and monthly mortgage payments. A common guideline is to keep your mortgage payment under 25% of your monthly take-home pay.
Unlike renting, you are responsible for all maintenance. Unexpected issues like a failing water heater can occur shortly after moving in. Questions for the Real Estate Agent what questions should i ask when buying a house
Before you begin touring homes, ask yourself these foundational questions to define your search parameters. This must include your down payment, closing costs