gage. I was very disappointed and decided to learn everything I could about buying a house. I came up with a plan and followed it. As I followed my plan, I found out steps I have missed or have not anticipated. I have discovered that buying a house was not an easy task. Buying a house had seven grueling steps, none of which easier than the other. I hope my revised plan below will offer some guidance to a first-time house buyer.
             The first step to buying a house is saving a down payment. A down payment is usually 5% to 20% of the final price of the house. Having a down payment is important to show to the lending institution that you have enough financial responsibility to save a down payment. The down payment may not be borrowed. The lender justifies that payments on both the down payment loan and the mortgage could be more than you can pay back each month. The amount of down payment determines the amount of mortgage you can get from the bank. The more down payment you have, the bigger the mortgage you can get. However, it would not be wise to borrow more than you can afford to pay once the interest and the closing cost have been added.
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