Use our simple mortgage
calculators to see how much mortgage you could pay - that's
a good start. If the amount you can afford is significantly
less than the cost of homes that interest you, then you might
want to wait awhile longer. But before you give up, why don't
you contact a real estate broker or a HUD-funded housing
counseling agency? They will help you evaluate your loan
potential. A broker will know what kinds of mortgages the
lenders are offering and can help you choose a lender with
a program that might be right for you. Another good idea is
to get pre-qualified for a loan. That means you go to a lender
and apply for a mortgage before you actually start looking
for a home. Then you'll know exactly how much you can afford
to spend, and it will speed the process once you do find the
home of your dreams.