A homebuying plan starts with better questions.

Look beyond principal and interest: consider taxes, insurance, applicable mortgage insurance, HOA dues, utilities, and upkeep. Keep cash for moving and unexpected expenses. A lender’s qualifying amount and your personal comfort limit can be different.

Not necessarily. Down-payment requirements vary by program and eligibility. Some conventional loans with smaller down payments require private mortgage insurance. FHA, VA, and USDA programs have different insurance or guarantee-fee rules. The game’s 5–30% slider is a practice choice, not a list of available products or eligibility rules.

No. It is conditional on the lender’s assumptions and later verification. Lenders use “prequalification” and “preapproval” differently; ask what was reviewed and what remains. Completing the game is neither one.

Compare official Loan Estimates for the same loan type and assumptions. Consider APR, interest rate, points, other fees, cash to close, and projected payments—not only the headline rate. Paying points trades more upfront cost for different pricing; whether that helps depends in part on how long you keep the loan.

Ask whom they represent, what services they provide, how compensation works, whether the agreement is exclusive, and how it ends. Compensation is negotiable. For MLS participants subject to NAR’s practice changes, a written buyer agreement is generally required before touring with a buyer; applicable state law and exceptions also matter.

No. An inspection investigates condition within its scope; it cannot guarantee every defect is found. An appraisal develops an opinion of value for its intended use. Discuss repair findings, deadlines, and any low appraisal with your agent and lender before deciding what to do.

Review the Closing Disclosure against your Loan Estimate and ask about differences. For most covered mortgages, you must receive it at least three business days before consummation. Certain changes can require a new waiting period. Confirm final conditions, the walk-through, and when funding, recording, and possession will occur.

After meeting Erik at the tower, use “Talk to Erik · real lender” to call, text, or prepare an email. After the brokerage encounter, contact the real agent on your referral link or request an introduction. These options remain available as you play, including at the ending. No conversation is sent automatically.