What you need to know when buying your first home?

Before you make the decision to buy a house, you should think about why you want to do so. The majority of individuals purchase homes to live in, but some also purchase them to rent out. Some people purchase homes with the intention of starting a family.   There are many reasons to purchase a home, but you should understand why you're making such a significant life decision and be confident in your convictions. Here are a few more things to consider before purchasing your first home . 1. Know How Much You Can Afford Calculate your affordability depending on your income, spending, savings, debts, and assets. Consult a financial expert rather than your lender if you need assistance determining how much of a monthly payment you can afford.   2. There Will Be Hidden Costs Your monthly payments won't only include loan costs, but also costs like property taxes and homeowner’s insurance. you'll be required to shop for private mortgage insurance counting on the dimensions of your