Excellent advice. One more piece – think carefully about every possible scenario that could happen in future, including –

you or your spouse losing your job
divorce
having children
emergency medical situations

and, the possibility that your home could go down in value. Contrary to the opinion of a few on this board, it is NOT OK to just walk or mail in the keys if things don’t “go right.” This is a binding contract and there is no weasel clause on your end. Blaming the lender and saying it is “their fault” is a child’s response to an adult situation.

If you are confident that you can handle life changes and are not looking at a home purchase as something that can ONLY go up – and you have done your homework – then proceed.