Evaluate your current financial situation, including your income, expenses, and savings. Ensure that you have a stable source of income to afford the monthly mortgage payments. 

A higher credit score increases your chances of qualifying for a loan with better terms and lower interest rates. Take steps to improve your credit score if necessary.

Aim for a 20% down payment to lower monthly mortgage payments and avoid private mortgage insurance costs.

Compare lender interest rates carefully, a slight difference affects monthly payments and loan costs. Decide between fixed or adjustable-rate mortgages based on financial goals.

Know loan terms, repayment schedule, and any penalties or fees. Align loan term with financial goals and payment ability.