Find out how much home you can afford.
You can interview a mortgage professional by phone and get a good idea about how much home you can afford. A lot will depend on your income compared to how much you owe. This is referred to as "income to debt" ratio. If you have a relationship with a particular bank you might want to start with their Mortgage Loan Department.

Remember, you are "shopping for money," so before you commit to anyone, take time to compare interest rates and how much the money it's going to 'cost' you. If you would like more details on this important aspect of your home buying experience before you talk to a lender, you may contact us to discuss your options: 214-550-5111

Next:
Decide where you want to live.
• Urban
• Suburban
• Rural

Decide what kind of home you want.
• Condominium
• Townhouse
• Single Family
• Zero Lot Line
• Mobile Home
• Lakefront
• Farmhouse w/acreage

Answer these questions, then make a list.
• How large of a home do you need?
• How many bedrooms and bathrooms?
• How many living areas and how much storage?
• Do you need a big kitchen?
• One or two stories?
• Do you want a large yard or pool?
• Do you want a special school district?
• Do you want new construction or an existing home in an established neighborhood?
• What kind of architecture do you prefer?
• What kind of flooring do you like best? Tile, wood or carpet?
• Do you want a "move-in ready" home?
• Would you rather handle the renovation yourself?
• When is your lease up?
• How soon do you have to move?

When you are making this list, consider your lifestyle.
• Are you going to start a family?
• Is there the possibility of a move in the future?
• Do you travel a lot?
• If you are single, will have a roommate?
• Do you want to be close to your work?
• What kind of floor plan will best meet your needs?
• Is public transportation a consideration?
• Are community amenities important?

Divide your list into three categories.
• What you absolutely, positively MUST HAVE.
• What would be nice, but you could live without.
• What you absolutely, positively DON'T WANT.