Purchasing a home is no doubt the biggest investment you will ever make. Homeownership has many benefits but also brings responsibility. It is important that you have a steady income and steady employment history for at least 2 years. You must have a good credit history. It is important that you can not only make your house payment but also have extra for maintaining your home. When purchasing a home you need to consider the changes it brings. You need your monthly payment to fit into a decent budget so you will not be cash poor and can afford to enjoy eating out or some sort of entertainment once in awhile. There are many sources for you to find out details on how to manage your income and expenses so you can live happily! Check out the website at www.freddiemac.com