: Lowering your monthly debt payments helps you qualify for a higher loan amount.
: Most lenders suggest total housing costs (principal, interest, taxes, insurance) should not exceed 25%–28% of your gross monthly income. preparing to buy a home
: While first-time buyers often put 3%–7% down, you also need cash for closing costs (typically 2%–5% of the purchase price), moving expenses, and a home maintenance emergency fund. Phase 2: Strategic Preparation : Lowering your monthly debt payments helps you