08/26/2026
I wouldn’t start with Zillow or open houses.
I’d start by knowing my numbers and getting preapproved.
📊 According to the National Association of REALTORS®️, 74% of home buyers financed their purchase in 2025, and that number rose to 91% among first-time buyers.
💰 But being preapproved for a certain amount doesn’t mean you should spend that much. The CFPB recommends looking at the full monthly cost of homeownership, including your mortgage, taxes, insurance, and other expenses.
🏦 I’d also compare lenders. The CFPB recommends comparing multiple loan offers because even a small difference in your rate can add up to significant savings over time.
The bottom line?
Don’t fall in love with the house before you know what makes sense for your budget. 👀
Grace Seid | Realtor
📍Bergen County, NJ
📲516-426-3731
📧[email protected]
Sources:
National Association of REALTORS®️ — https://www.nar.realtor/
Consumer Financial Protection Bureau — https://www.consumerfinance.gov/