Home Buying 101 Apr 2026

: Monthly mortgage payments should not exceed 30% of your gross monthly income; you should have 30% of the home's value in savings (for a down payment and reserves); and the home price should be at most 3x your annual income.

: Have three months of living expenses saved, three months of mortgage payments in reserve, and compare at least three different properties before deciding. home buying 101

Buying a home is often the most significant financial decision you will make. This 101 guide breaks down the essential steps—from initial prep to closing day—to help you navigate the process with confidence. 1. Prepare Your Finances : Monthly mortgage payments should not exceed 30%