House with a document, symbolizing various payments for the home

Know what you can afford.

Review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. Make sure you save for emergencies. Plan ahead to be sure you will be able to afford your monthly payments for several years. Check your credit report to make sure that the information in it is accurate. A higher credit score may help you get a lower interest rate on your mortgage.

  1. Down Payments and Private Mortgage Insurance

  2. Mortgage Glossary

  3. Advice from Trusted Sources

  4. Fair Lending Is Required by Law