5 Things Every First-Time Home Buyer Needs to Know

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For first-time homebuyers, we have some unfamiliar territory here: there are more costs associated with buying a home than just the house payment and realtor fees. Before you even purchase, you’ll need cash on hand for your down payment and earnest money, but don’t let the 20% myth scare you.

We cover 6 things first time home buyers needs to know. From how to qualify for a mortgage? To how much money you should put down?

10 Secrets Every First-time home buyer Must Know June 13, 2019 at 9:00 am by Jacob Wolinsky Realtor.com empowers first-time home buyers by unveiling the most powerful, yet simple tips to ask informed questions, learn what you can afford and help seal the deal

The post 5 Things Every First-Time Home Buyer Needs to Know. The above article top 5 Things First-Time Home Buyers Should Know was provided by Angela Duong. Angela can be reached at aduong2281@gmail.com or by phone at 435-225-5200. With over 10+ years experience, if you’re thinking of selling or buying, I would love to share my marketing knowledge and expertise. We cover 6 things.

The FHA Loan is the type of mortgage most commonly used by first time home buyers and there’s plenty of good reasons why. Deals For 1St Time Home Buyers 6 Things First Time Home Buyers Need To Know – Forbes – We cover 6 things first time home buyers needs to know. From how to qualify for a mortgage?

Second, you have to be realistic about your expectations. You are a first time home buyer, so everything will not be perfect. You will want to make sure that the layout is pleasing and the structure is sound. Don’t consider properties that require extensive renovations, unless you have experience with this.

Why Is So Much Paperwork Required to Get a Mortgage? – Santa Clarita Lender When you co-sign, you are obligated. As we mentioned, with that obligation comes higher ratios as well. Even if you swear you will not be the one making the payments, your lender will have to count the payment against you. 5. Don’t change bank accounts. Remember, lenders need to source and track assets.

The average age for first-time home buyers is 33, according to real estate site Zillow. But buying a home at. Related: 6 Things Millennials Have Taught Me About Real Estate. If you know where you want to live, try and get a realtor referral.

The post 5 Things Every First-Time Home Buyer Needs to Know appeared first on Real Estate News and Advice – realtor.com. Congratulations! After years and years of renting, you feel ready to buy a.

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