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7 Definitive Steps to Budgeting for Your First Home

7 Definitive Steps to Budgeting for Your First Home

Author:

Global Cryptocurrency

Published:

2025-11-26 21:57:02

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Purchasing a first home demands meticulous financial planning. The 28/36 Rule dictates affordability—spend no more than 28% of gross income on housing, 36% on total debt. Credit optimization and pre-approval sharpen competitiveness in tight markets.

Down payments below 20% trigger PMI, but liquidity preservation may justify the cost. Closing fees, often overlooked, add 2%–5% to upfront costs. Strategic budgeting transforms aspiration into ownership.

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