Hi Eliza, the first step is figuring out for yourself how much YOU want to spend. A bank can decide how much they will qualify you for, but this should not be your guide. The work is to decide for yourself how much you want to spend on a property, given your unique financial goals. The next step after that is to find properties that fit within your budget. At any step you can ask a bank to qualify you for a mortgage based on the amount that YOU want to spend. Make sense? You can always ask a bank to qualify you above what you want to spend, but don’t SPEND more than you want to spend. 🙂
