Buying a home requires that you get a firm handle on your finances, gathering your supporting documentation and answering a handful of questions, including: What is your gross income? What do you spend each month? Do you have credit card debt? How much do you have in savings?
You'll want to work closely with your lender to determine what you can comfortably afford. It's their job to cover all bases and make sure your final number is within your means and aligns within your financial goals.
Tools & Resources
Calculator: How Much Can You Afford?
Find out how much house works within your budget, being mindful of your expenses.
Quiz: Understanding What You Can Afford
Find out if you really understand the costs and responsibilities of being a homeowner.
Budgeting for your home
These four things largely determine how much home you can afford.