Be sure to know the ins and outs of homebuying. See more real estate pictures. Justin Sullivan/Getty Images 1. Determine how much mortgage you can afford, and for what types of mortgages you may qualify. Up Next 10 Things to Consider Before Buying Your First Home How the First-time Homebuyer Tax Credit Worked 5 Helpful First-time Homebuyer Programs Are you financially ready to buy a house? Are you ever too old to buy your first home?