Olga - That is an EXCELLENT question.
First, you definitely need to talk with a couple living, breathing and LOCAL lenders and see exactly what you and your husband can afford. However, only let ONE lender actually pull your credit. (Then share your score with the other lenders).
Once you know exactly what you qualify for, make sure you are ALSO comfortable with the total monthly PAYMENT. Sometimes what you "qualify for" and what you are comfortable paying are 2 different things.
Finally, interview a few different Real Estate Agents. Ask friends/co-workers who have recently purchased a home if they recommend their agent, or "Google" the different areas that you are interested living in and see if there are agents who specialize in those areas. It is a good idea to get an agent who represents YOU - and not the home seller.
You are SO LUCKY to be buying a home right now - there are AWESOME and super AFFORDABLE homes out there right now. Good Luck and Have Fun!!
- Mariana Wagner - Sat Apr 4 2009, 15:42