Buying Your First Home Alone ›

: To stay safe, ensure your monthly mortgage payment doesn't exceed 30% of your gross income , you have 30% of the home's value in savings (for down payment and reserves), and the home price is no more than 3x your annual income .

: Aim to have three months of living expenses plus three months of mortgage payments in reserve before closing. buying your first home alone

You don't have to provide the entire financial "engine" yourself. Many states and countries offer specific incentives for first-time buyers. : To stay safe, ensure your monthly mortgage

: This allows you to add a family member’s income to your mortgage application to borrow more, while ensuring only you are on the title of the home. Many states and countries offer specific incentives for

: High monthly outgoings on credit cards or car loans reduce how much a lender will let you borrow.