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11 Things to Know Before Buying a House · Your Credit Score · How Much Home You Can Afford · The Total Cost of a Mortgage Loan · How Much You'll Need for a Down. Don't make the mistake of buying a house you cannot afford. A general rule of thumb is to use the 28/36 rule. This rule says your mortgage should not cost you. Affordability should be the number one thing you look for in a home, but it's also best to know how long you want to live there. If not, you could get stuck in. 7 Tips to Get You in Credit Worthy Shape Before Buying a House · 1. Start now · 2. Monitor your credit · 3. Cut back on expenses · 4. Decrease your debts · 5. Stay. To help you make a financial decision, 99acres shortlists the 10 most crucial factors to consider when buying a new home.
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