"People put a tremendous amount of stress on themselves to not mess up," says Nick Holeman, a certified financial planner at Betterment, an independent online financial adviser.
It means you're going to have to work harder to understand the info that you need when it comes time to buy a home.
(Higher than that and you may not comfortably buy a house and keep your shirt.)
Learn from other home buyers "Friends or family members who’ve purchased a property likely felt the same anxiety you’re feeling,” points out Chris Taylor, a broker and investment property specialist with Advantage Real Estate in Boston.
Understand the basics of a mortgage Before you make open houses a hobby, study up on the basics of applying for a mortgage, making a payment, and some of the costs associated with being a homeowner.
Talk to a mortgage lender Before you ever set foot in a house, you should meet with a mortgage lender.
For one, he can tell you exactly how much money you'd be pre-approved for, so you can shop for houses you know you can afford.
After you have your financial affairs in order, “you'll be able to enjoy the process of purchasing a new home without fear and anxiety,” says Stroud.
Same goes with finding a trustworthy real estate agent who can help you find a home that suits your needs.
“As long as you're comfortable with that, the [home-buying process] will be easier to visualize,” assures Rodriguez.