Understanding The Home Buying Process -

Aiming for a monthly payment no more than 30% of their gross income, having 30% of the home's value in savings, and ensuring the home price isn't more than 3x their annual income.

Armed with their budget, they met with a lender to get . This wasn't just a casual chat; they had to provide pay stubs, tax returns, and bank statements. The lender gave them a pre-approval letter—their "golden ticket"—which showed sellers they were serious buyers who actually had the funds to back up an offer. Understanding the Home-buying Process - Choice Bank understanding the home buying process

But as they started scrolling through beautiful listings online, they quickly realized they didn't know where to begin. Here is the journey they took to turn those "favorite" tabs into a set of keys. Phase 1: The Reality Check Aiming for a monthly payment no more than