Once the paperwork is processed, you’ll have a "Closing Day." You’ll sign a mountain of documents, wire your down payment, and finally receive the keys.

Before you start browsing Zillow for "dream kitchens," you need to know what you can actually afford.

A "pre-qualification" is a conversation; a "pre-approval" is a commitment. Lenders will verify your income, taxes, and debts to tell you exactly how much they will lend you. In a competitive market, you shouldn't even look at houses without a pre-approval letter in hand—sellers won't take your offer seriously without it. 3. Build Your "Must-Have" List Separate your from your Wants .

Don't forget closing costs (usually 2–5% of the home price), inspection fees, and an emergency fund for that inevitable leaky faucet. 2. Get Pre-Approved