Be aware of your options: talk to professionals.
– Have you saved for a down payment? It’d be nice if you could pay cash on a home, but if you are like most people, you aren’t able to do that just yet. Ideally, you’ll want to have 20% down. The minimum down payment percentage depends on your bank so do some shopping around and keep an eye on interest rates.
– I recommend using Dave Ramsey’s Mortgage Calculator: http://www.daveramsey.com/articles/article/articleID/mortgage-calculator/category/lifeandmoney_realestate/?snid=tools.mortgagecalc#/entry_form Play around with the different tools available to become familiar with different options for paying off your mortgage.
– Reach out to your family, friends, neighbors, to ask them about their home buying experience. Gather some advice from them as well as your real estate agent.
– Obtaining your pre-approval from the bank. Basically, what you’ll want to take with you to the bank are the following: SSN, Driver’s License, hourly/salary wage, bonuses, overtime, and what your total income was for the past two years per year.