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I completly agree with the above posting and want to give the posting party major kudos for emphasizing the need to get pre-approved by a reputable lender prior to beginning a home search.
As a Realtor, I deal with a multitude of buyers. Buyers that bypass the vital step of pre-approval many times end up setting unrealistic expectations of what they can afford, ending up dissapointed. There are great homes at every price point in almost any city. The trick is setting realistic expectations of what you can afford and then employing the professional services of a reputable real estate agent. The right agent will guide you through the properties that fit your budget and help you to select a home that fits not only your wallet but also your lifestyle and personal taste.

Zeke Fennell
Broker/Realtor
Keller Williams Realty
Raleigh, NC
919-357-0301
www.zekefennell.com

That's a very informative article, but you are missing a very important step. This step is to get pre-approved for the mortgage. Here's an excerpt from www.2mortgageloancalculator.com

Before you start looking for a home and make an approval, you need to get pre-approved by a lender. You will have to fill out a form that states everything financial about your life including the down payment you have, how much you owe on credit cards, student loans, auto loans, etc. The lender will examine your statements, check your credit report and approve or disapprove your application.

It is important to get pre-approved because most real estate agents will not show you any properties unless you have that letter. Getting a pre-approved letter will avoid all the hassle, lessen your closing costs and what's best, the process is free!
Note: Do not settle for a 'Pre-Qualified' mortgage because that means nothing. You have to be pre-approved, not pre-qualified!