But now looming in front of you are two big questions: How much can I afford? How do I choose the right home? Here's a start at answering those questions.

Step 1: Find a Mortgage Broker and get pre-approved. A Mortgage Broker will have the ability to analyze your current financial strengths and build a financing program based on what you can comfortably afford. A Broker can also compare rates with many different Lenders to ensure you receive the best market rate.

Step 2: Don't start looking for your new home just yet. Before you fall in love with a house, condo or co-op - or even a neighborhood - it's time for a reality check. A careful analysis of your personal finances will tell you what you can afford to spend. Knowing your price range will help you narrow the field of potential homes and avoid the disappointment that comes when you set your sights too high.

Step 3: Choose an Agent: A real estate agent is very helpful in the search for your new home. Agents are familiar with local neighborhoods, schools, shopping and recreational facilities, and even traffic volume. Real estate agents may also help you figure out how much you can spend on your new home and can assist with other details associated with your purchase. Generally, the seller pays the real estate agent a percentage of the proceeds of the sale, so there is no cost to the buyer.

Give us a call today to get started on your home buying process!