: Sellers often won't even look at an offer without a pre-approval letter, which proves you are a serious and capable buyer. What to Know When Buying a House - JN Bank
: Budgeting for just the mortgage is a common mistake. You must account for property taxes , homeowners insurance , private mortgage insurance (PMI) if putting down less than 20%, and closing costs —which typically range from 2% to 6% of the purchase price. what to know when buying a house
It is easy to get distracted by "shiny" features, but focus on the elements you cannot easily change. : Sellers often won't even look at an
: Your score determines your interest rate and loan eligibility. Even a small difference in your rate can cost or save you tens of thousands of dollars over the life of a 30-year loan. It is easy to get distracted by "shiny"
: Define your non-negotiables (e.g., number of bedrooms, yard size) versus features you can add later (e.g., smart home tech, new flooring).