Whether you’ve arrived here because you’re looking to stop foreclosure on your own home or because you want to save money by buying a foreclosed home, the best way to maximize your investment is to buy a home that you can afford.

Just because a bank qualifies you for a specific amount on your mortgage, that doesn’t mean it’s in your best interests to buy a house worth that much money. Too many people put their homes in jeopardy by being within two paychecks of bankruptcy. When you get approved for a home loan from a bank or a mortgage company, consider your family expenses and leave a buffer for savings. It’s also a good idea to bank six months worth of mortgage payments to protect yourself.

Buying a home that’s a good investment is a good choice but buying a home that you can afford is a very wise financial decision on your part.