10/29/2026
I Bought My First House at 20. Here's What I Got Wrong.Just because you QUALIFY for a mortgage doesn't mean you should spend that much.
I bought my first house when I was just 20 years old.
It was a short sale, and I was so excited to become a homeowner.
But looking back, there's one thing I wish I'd understood better.
We stretched our debt-to-income ratio to 50%.
We paid off our other debts to qualify, but that left us putting nearly all of our income toward our house payment.
And honestly? It wasn't my favorite experience.
I'm incredibly grateful we were able to buy that home. In fact, I still own it today!
But that experience taught me something I now share with every buyer I work with.
Shop based on the PAYMENT you're comfortable with, not the maximum loan amount you're approved for.
A lender can tell you what you qualify to borrow.
But only you know what your monthly budget actually feels like.
You still need money for groceries, utilities, home maintenance, savings, vacations, and all the other things that make life enjoyable.
Homeownership should be something you're excited about, not something that leaves you stressed every month.
And sometimes, the smartest financial decision is buying less house than you can technically afford.
First-time buyers, this is one lesson I hope you learn before purchasing, not afterward!