Being a first-time homebuyer can be challenging. There are a number of steps involved in purchasing a house and since it is one of the largest purchases that you will make in your lifetime, you want to make sure that you get it right.

Educating yourself on the process before you get started is the best way to make sure that the process goes as smoothly as possible.

Here are three things that you want to avoid as you become a first-time homebuyer.

1. Doing it on Your Own

There are many things that people can handle on their own, but buying their first house shouldn’t be one of them. There are real estate professionals for a reason.

Before you start your home search speak with a mortgage lender to get pre-approved. Your lender will help you determine what a realistic budget is for your house. But, remember that you need to be comfortable with the budget that you set. Do not just automatically assume you should spend to the top of what you are approved for.

2. Looking at Home You Can’t Afford

Avoiding this misstep starts with understanding what your actual budget is along with what areas fit within this scope. Research the areas to see what the market is doing in order to know where to focus your efforts. Having a firm grasp on your budget and potential move-in areas, along with your pre-approval qualifications, will help you start off on the right foot.

You might hear that it is “harmless” to look at houses that you can’t afford to get an idea of what you want, but it is not a wise decision. If your heart gets set on something you cannot afford you could be tempted to spend over what you can handle. This will take you down the path that typically ends in foreclosure.

3. Taking the First Mortgage

As a first-time homebuyer, it is easy to think that all mortgages are the same. In fact, there are several different types of mortgages. You should speak with your lender to determine which is the right one for you.

Once you determine the type of mortgage that you want, you will want to speak to several lenders. The terms on the loan can vary from one lender to another and it is your job to make sure you are getting the best deal. Consider what their fees are and what type of interest rate you are able to get.

You should always shop around for your mortgage before making a decision.

Being a first time homebuyer is an exciting and nerve-wracking situation all at the same time. Do not let the excitement of the process cause you to make one of these common first-time homebuyer mistakes. Stay calm and think through each step of the way, allowing your chosen professionals to guide and assist you with your decisions.