Making a million-dollar or at least a couple hundred thousand dollar decision is undoubtedly nerve-wracking and also a really hard conclusion to make; because you will find so many homes that are in your price range, so it would be best if you went with an option that you absolutely fell in love with. Just like how Monica and Chandler (FRIENDS) fall in love with a house in the suburbs and make an offer on it. They went with their instincts after looking at a couple of houses outside the city. You should do precisely the same, for your satisfaction, you should certainly look at a couple of houses; you might actually end up liking a house. If you don’t like any of them, you should take the help of a realtor and tell them what you are looking for.

In this article, I have implemented some tips that will help you navigate the entire process of buying a home and also a way to help you save money. It will even give you some cautionary tales that will prevent you from committing any common mistakes.

–    You should start saving up for the down payment immediately. If you are interested in buying a house that will make you happy, you should absolutely save up a lot of money for the down payment. It is certainly common to pay 20% of the value of the house as a down payment. A lot of lenders have started permitting a lot less than that nowadays.


–    You should explore many options before you settle on one because this decision will certainly end up costing you a very pretty penny. When you make a higher down payment, it means that you will not have to make costly monthly payments.

–    You should initially determine how much money you can afford. By purchasing a home that you cannot afford, you will be inevitably digging yourself into a pit of debt that you will find really hard to dig yourself out of.

–    You should make sure that your credit score is impressive. Having a bad credit score will be really problematic because it will not help you get lower interest rates. If you have a good credit score, it means that you are a person that pays their dues in time and that the banks or lenders will be inclined to offer you a decent interest percentage.

–    It would be in your best interest for you to compare mortgage rates. A lot of home buyers have found it to be a good idea to get a quote from multiple people before actually signing any documents.