Before the house-hunting process begins, it is most important to know how much you can afford. Expenses to consider include the down payment, monthly expenses, property taxes, and any home insurance costs. Unless you are paying in cash, these will all have to be considered before the home buying process begins as they are typically included in your new monthly payment. Your total income-to-debt ratio must also fall within acceptable limits of the home’s cost. Once you have determined these things, and if you feel that your budget has enough room to afford a new home, then it’s time to begin the home buying process!