Q: What Should I Know Before I Buy a Home? Realtors Weigh In A: It’s safe to say that buying a home is a lucrative investment. But it can be a challenging process to navigate. That’s why we turned to the experts for the topthings they wish people knew before and during the home-buying journey.

1. Know the difference between getting prequalified and preapproved. Prequalification is when a lender gives you an estimate of what you could qualify for based on your financial situation. Preapproval is when you apply for a loan and are approved to receive a specific amount.

2. There are certain things you should avoid doing after being preapproved for a mortgage. Once you’ve applied for a mortgage, it’s important not to make any large purchases, apply for credit cards, miss card or loan payments, or switch jobs.

3. Finding the right partner is key. You want to find an agent who not only knows the market but also understands your financial situation, goals and needs.

4. Financial help is available. Buying a home is expensive, but fortunately, resources abound—especially for first-time homebuyers. There are grants and assistance programs that you may qualify for.