This is a common question from first time home buyers. When working with home buyers who are just beginning the process, after discussing credit and other information, I like to ask in return:
- What type of monthly mortgage payment would you be comfortable making?
- How much money are you planning on using for a down payment and closing costs.
Yesterday I was interviewed by Melinda Fulmer for an MSN Real Estate article. Here were a few of my pointers (with some clarification) for buyers: 



