The big things to consider when buying a home. A new construction home, a resale, your credit worthiness and what your home life budgeting will be like.

If you feel you have strong credit, get ready to take the plunge by going through the first step of buying a home (it is similar for a resale as it is for a new construction). That is, someone like the person below, sits down with you and go over your ‘records’ to check that you qualify for a long term loan (called a mortgage) to pay for the rest of your home after the down payment you have already saved.

(15% is your monthly mortgage payment as a ratio of your monthly pay)