Buying a Home: Master Your Monthly Mortgage Payment!

I think the example is first of all, like what you touched upon is people need to start getting pre-approved well before they're actually looking to buy the home because they have to get to terms with what that number is going to be. Don't look at the million-dollar home. Look at the monthly payment. >> Try to get a feel for how much you have available because, like I said, game planning with your money to maybe use some of it as a cushion will go much further than putting it towards your big down payment. and kind of adjusting your budget and almost making it as if you have that new mortgage payment every month to see if you can actually make it work and see how far you can stretch yourself. Because like we discussed, most people who pushed the envelope a little bit more than the other person ended up winning big time on the fact that they bought their home when they bought their home. And that took an element of kind of jumping off the cliff with the proper gear.