Decide how much house can you afford. Our simple rules will make sure you don’t spend more than you have and wind up regretting it.

Get pre-approved for a mortgage. This is something everyone should do before looking for a house. We’ll tell you why and show you how.

Find the perfect mortgage. A great rate. Affordable monthly payments. No surprises. You can have it all.

Decide whether an FHA-backed loan is right for you. If you have little or no money for a down payment, iffy credit and too many bills, this government program could be the help you need to buy a home.

First-time buyers can also qualify for special mortgages and cash for down payments and closing costs through state and local programs or private down payment assistant programs, or DAPs.

2/28 and 3/27 loans can be the best mortgages for some subprime home buyers. Reasonable terms and interest rates make these loans good alternatives to the dangerous option ARMs, or "1% loans," and you can rebuild your credit.

Spot and reject big fees. The loan with the best rate may not be the best deal if it comes with thousands in upfront costs.

Avoid two types of particularly dangerous mortgages: option ARMs and interest-only mortgages.

Understand the problems with three other types of financing: jumbo loans, 40- and 50-year loans and rent-to-buy plans.

Use a no-doc or low-doc loan if your financial life doesn’t fit the mold.

Ace the application process. We know all the questions you’ll be asked.

Get your paperwork ready. Our checklist will make sure you don’t forget anything.

Reduce your closing costs. All it takes is a little planning while you’re house hunting.

Figure out the insurance you’ll need. Here’s what you’ve got to have, what you might want, and what you can do without.

Turn down the optional life insurance. The specialized policies lenders push are not the best way to have the mortgage paid off if you die. We have a cheaper, better idea.

Have a question about your finances? Ask us at editors@interest.com