Believe it or not, buying a luxury home on a budget is possible.
With some patience and compromise, you might be able to buy your dream house with a reasonable mortgage.
Take steps to improve your credit score before applying for a loan, which could make you eligible for a larger mortgage and reduce your interest rate.
Avoid coastal properties or big cities. Instead, consider homes near lakes and rivers, among the mountains or in local suburbs.
Remain realistic and patient. This process is going to take quite some time if you have a strict budget.
Most importantly, work with an experienced real estate agent!
