Only Take on a Mortgage Loan Payment That You Can Afford
My husband and I were looking to buy our first home. Although we were living in an economy where we had the pick of the litter, we were still cautious. We had friends who went into foreclosure because they qualified for and were talked into a more expensive home. Buying a home is such an emotional process that of course they fell in love with the higher end home! We made sure to go with a realtor we knew we could trust and discussed how we could handle our mortgage loan payment every month. We wanted to make sure that not only did we get a good interest rate, but also had a monthly payment we could afford.
