What To Do To: Prepare To Buy Your First Home

: W-2s from the last two years and recent pay stubs. Tax Returns : Federal returns for the past two years.

: Don't just rely on what a bank approves. Use rules like the 30/30/3 rule (30% of gross income for mortgage, 30% of savings for a down payment, and a home price no more than 3x your annual income) to stay safe. what to do to prepare to buy your first home

: Focus on commute times, school quality (which impacts resale value), and local amenities like parks or grocery stores. : W-2s from the last two years and recent pay stubs

: Follow the 3-3-3 rule —have three months of living expenses saved and three months of mortgage payments in reserve. 2. Do Your Homework on the Market Use rules like the 30/30/3 rule (30% of

: Distinguish between non-negotiables (e.g., number of bedrooms, safety) and things you can compromise on (e.g., paint colors, older appliances).