Ok, you have already decided on buying a house. What comes next?A house is the most costly investment a person or family will decide on, so it is extremely important to have all your facts together before making an offer.Consider these five steps to make sure you are saving money while buying a new house.Shop and research your house before making a decisionBefore deciding on anything, researching and shopping around is the best way to purchase a house within your budget, while getting the best deal. Looking at different houses, know what you need. Comparing the price range will give you a general idea on how much money you will need in order to move-in to your new home.Understand what really goes into your monthly paymentWhen you own your own home, there is the monthly payment. The principle, interest, taxes and insurance equals the total monthly payment when you own your own home. Understanding the different loan amounts will enable you to better prepare for home ownership.Get the best possible financingWhile your monthly payment is important, it is more important to look at the interest rate and the actual amount of the house is going to cost you. If you only focus on the monthly payment, you might end up losing money instead of saving, if not all, when buying a house. Depending on your income level, and the amount of the down payment will greatly affect how much you are going to be paying in interest.Get professional helpTo get the help of a real estate agent really is the best way to save yourself time and money. No matter how much the Internet gives potential buyers unprecedented access to home listings, a professional agent has a firmer understanding of the housing market. If possible though, look for an exclusive buyer agent who will have your interests at heart and can help you with strategies during the bidding process.Hire a home inspectorEven though the bank brings in an appraiser, you should hire your own home inspector with experience, preferably an engineer who does home surveys, to point out potential problems that could require costly repairs down the road.By following these few simple steps, you may find yourself saving as much as 15 percent of your money when purchasing your new house.Source: SmartbizAfrica