You’ve been renting for what seems like an eternity, all the while pinching pennies and crossing your fingers. As the numbers on your savings account slowly climb, you begin sneaking side glances of homes for sale that you dream you could buy. You may even decide it’s finally time to call it and start actively looking for your new home.
If this sounds like you, you need to pause the process and pump the breaks! Here are 12 things every first-time homebuyer needs to do before purchasing a home.
The Financial Side of Buying a Home Save for a Down Payment
Many renters save for so long because they believe they need a 20% down payment before they can buy a house. While a 20% payment ensures that you won’t be paying for mortgage insurance, you aren’t disqualified from purchasing a home if you don’t have that much saved. There are several loans that allow you to put a lesser amount down. There are even programs that offer down payment assistance or g! ...
Mortgages on the surface can be an intimidating subject. We've collected information to give you a better understanding of your options before purchasing your dream home.
Select a Notebook
or make a new notebook
Looks like your phone is invalid.
Would you like to update it?
Create Your Free Account
Advanced Home Search and Exclusive Property Listings. (Prices and inventory current as of January 17, 2022)
Help us find your dream home
We just need your phone number to finish creating your account.