Home financing can get really hairy these days, especially with the real estate crisis that's going on. However, it is not entirely accurate to assume that the industry is all bad, because as long as you do things the right way, then you can help yourself get a good home of your own.   The major pitfall of many who go into the industry seeking to find a home is that they do now know how to compromise. With money and jobs scarce, you just cannot afford to buy a home with everything that you want. Pick something within your means, something you can afford to pay (not bare afford to pay). You just have to accept the fact that the best house you can buy lacks the patio or the gilded banister that you've always wanted. Because even if you can afford a top of the line house right now, can you afford to maintain it, physically and financially?   Never make any drastic and sudden decisions when buying a new house. You need to get all your facts straight and amass as much information as you can so that you can make a more informed decision. It is important to take the time to think things through before any sort of big decisions are made.