I am just doing the homework at the moment, because I know that I will have a lot of stuff to learn before I am ready to buy the place. For now I have to pay down some debts and then work on the down payment that I need to save. After that you have to think about the incidental expenses that are added on to the cost of the house. For instance I am learning about home insurance at homeinsurance-deals.com and I know that it is one of the things that you need. In fact it seems as though you need that before you can have the house. It seems like that putting the horse before the cart thing, but it has to do with the fact that you are going to be borrowing a big pile of money from a bank and that bank is not really going to wanting to take any chances on you paying them back. The insurance is supposed to do that even if you are not able to do it.
Of course the big thing is to have the down payment and then to look like a good bet to pay off the mortgage. The two things are related obviously. Being able to save up that kind of money shows that you have a sufficient income for home ownership. In my case it would actually reduce my expenses on a monthly basis if I could get in the sort of house that I am looking at. The rent on the apartment that I have now is pretty outrageous when you look at what I am getting and how much I dislike the loud neighbors to each side and up above me. A house payment is going to be a great deal less than it is.