Aiming for a 20% down payment can help avoid PMI and other fees, while keeping your monthly mortgage payment within 25% of your take-home pay is crucial for financial stability. It's important to consider all costs associated with homeownership, including HOA fees and insurance, to avoid becoming house poor. With a solid income, you can confidently explore home payment options that fit your budget. For more detailed guidance, check out the blog on real estate linked in the show notes.
