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10 years ago we went through the whole home buying experience. We prequaled for $150k (this was before the housing market went crazy). I was verrrrrrry pregnant, so we knew that we could only afford a house in the $80-90k range. We lucked out, our house was $82,500. Now the houses around us are selling for $250-300k range.
Just make sure that even though you prequaled for an exoensive house, you can afford the payments. An ex-friend of ours recently bought a new home. He will have $3,500/mnth payments for the next 40 years.
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