Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

First time home buyer check list part one
What can you afford for a house payment?
As a Metro Detroit home buyer the first thing you should absolutely do is to sit down and figure out your budget.  What can you truly afford a month in payments?  What won't make you house poor?  What can you afford to pay and still be able to live good?  As a first time home buyer you need to have a little left over each month after you pay the bills.  You need to be able to pay for a furnace, or a new water heater, or a new dishwasher if it breaks.  Things break and you need to be able to afford them.  So sit down and figure out yourself what you are comfortable with for a monthly payment.
               Don't let money and a huge house payment ruin your life.
Then the second step is to gather up these items and go to a bank, a lender, or a mortgage broker.
latest 2 paystubs latest 2 years W-2 and tax returns last 2 months banks statements Any asset statements for stocks, 401K, IRA, or mutual fund Sit down with a mortgage lender and figure out what loan program works best for ... more

__________________________________________________
Are you on The Rain? Grow Your Network!