Buying a home can be nerve-racking, especially if you’re a first-time home buyer. These tips will help you navigate the process, save money and avoid common mistakes. We organized them into four categories: Mortgage down payment tips. Mortgage application tips. House shopping tips. First-time home buyer mistakes to avoid. Key takeaways Save early for a down …
Key takeaways Only buy a home if you can afford it and you plan to stay for at least five years. Emergency savings should be three to six months’ worth of expenses in a high-yield savings account. A down payment of 20% is ideal, and a lower debt-to-income ratio and higher credit score improve the …
Renting vs. Buying a Home: This Is Exactly How to Decide Which Is Best Read More »
First-time home buyers step into the market each year and make the same mistakes their parents, siblings and friends made when they bought their first homes. But newbie buyers today can interrupt the loop. Here are 12 mistakes that home buyers make for the first time — and what should they do instead. Key takeaways …
12 First-Time Home Buyer Mistakes and How to Avoid Them Read More »
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