If you're a first-time buyer, there are some essential things to consider when buying a house. It's a huge life-changing decision, both financially and in terms of lifestyle. Arm yourself with this information so you can make the best decision possible.
Do this before doing anything else. Head over to your bank and speak with a loan officer. They will help you calculate your debt to income ratio and give you an approximate idea of the amount of house you can afford.
Aggregate the necessary documents to send to the bank into one place. These documents include bank statements for at least the last two months, income and salary documents from work, and other paperwork to prove your net worth.