: Getting multiple quotes can save thousands. A difference of just 0.125% in rates adds up significantly over 30 years.
: Pre-approval involves a deep dive into your finances and makes your offer significantly stronger to sellers. home buying tips for first time buyers reddit
: Rent is the maximum you spend on housing; a mortgage is the minimum . Budget at least 1% of the home's value annually for repairs. : Getting multiple quotes can save thousands
: In the months leading up to your application, keep your bank statements "boring" with no large, unexplained deposits or withdrawals that could flag your file. and immediate repairs.
: Do not spend the full amount the bank offers. This buffer leaves room for closing costs (typically 2–4% of the loan), furniture, and immediate repairs.