Start with your true budget

Use the home affordability calculator to map net income, savings, and the maximum monthly payment that keeps your 50/30/20 budget balanced.

Tip: re-run the simulation with interest rates that are +1% higher than the current offer. Banks can change spreads before the final contract.

Prepare documents

• Last six paychecks or tax returns.
• Bank statements covering at least three months.
• Written plan describing renovations or upgrades.

Validate every extra fee

Ask the seller, notary and bank for quotes before signing the preliminary contract. These costs can easily add 10% over the list price.