Buying your first home can evoke excitement and stress, with 38% of people regretting their purchase due to mortgage application stress, according to a poll. To ease this process, the Department of Financial Protection and Innovation suggests planning ahead. Key tips include using a mortgage calculator to determine borrowing capacity, checking and improving your credit score, saving for a 20% down payment to avoid PMI, getting pre-approved for a loan, and preparing necessary documents in advance.
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