How Do I Buy My First House -

Use financial rules of thumb to avoid "over-extending" yourself: 7 Tips for First-Time Homebuyers - DFPI

While a 20% down payment is ideal to avoid Private Mortgage Insurance (PMI) , some conventional loans allow as little as 3%. how do i buy my first house

Aim for 3 to 6 months of living expenses in reserve, separate from your down payment, to handle unexpected repairs like a broken boiler or plumbing issues. 2. Determining Affordability Use financial rules of thumb to avoid "over-extending"