Letting The Lender Tell You How Much You Can Afford
When I shopped for my first home, I met with a lender who requested all my financial documents and recent pay stubs. After a relatively quick review process, I was provided with a preapproval letter that stated how much the bank was willing to lend me.
Because sellers often have an agent working on their behalf, you should have someone working for your best interests as well. A quality realtor can offer you advice and help you stay away from shady sellers and bad deals.