Your first step should always be to understand the numbers. What you can be approved for is one thing, but what you can afford may be quite another. Knowing the difference between the two upfront can save you a lot of time and money down the road while still getting you into the home you want and love.

Additionally, explore various mortgage options, such as fixed-rate and variable-rate loans, to find the best fit for your financial goals. Specialized programs for first-time buyers or energy-efficient homes may offer additional benefits. Consulting with mortgage brokers, real estate agents, and financial advisors can provide valuable insights and guidance tailored to your needs. By taking a holistic approach to the home-buying process, you can make informed decisions that support your current lifestyle and future aspirations, ensuring your new home is a place you love and can sustainably afford.