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Once you've gotten your finances in order, the next step is to meet with a lender and get prequalified for a mortgage loan. During the prequalification process. You need an honest assessment of how much you can afford to pay for a down payment and for the monthly payment. Every other decision regarding. Knowing what you need and want in your home is critical. What are your must-haves, your nice-to-haves, and your no-way-absolutely-nots? How many bedrooms do you. Explore Mortgage Options. A good start for exploring different mortgages is to compare conventional loans to FHA loans. An FHA loan for first-time home buyers. How Much Can I Spend? · So You Know What You Can Spend, Where Are You Going to Buy? · Take a Walk! · Hiring a First Time Home Buyer Specialist in Vancouver · Now.
Important Questions you need to ask yourself · Work On Your Credit · Pay Down Debt · BEST Loan programs and Down Payments available for first time home buyers · Get. Getting preapproved will help you see how much homebuying power you have and make the process smoother when you're ready to make an offer. Sellers will also.