You’re considering buying your first home. Congratulations! It’s a big step and an investment that will hopefully bring you happiness and help you build equity for years to come. Before you start perusing listings, however, it pays to understand a few home buying misconceptions: Owning isn’t always better than renting Consider how long you plan to live in the home and whether you’re prepared to…
For most first-time buyers, financing their purchase is the biggest hurdle. Share theses financing tips with your buyers to help smooth their path to homeownership. 1. Do a personal financial review. Create a financial plan with a preferred monthly housing payment, available cash for down payment and closing costs, income and spending. 2. Start with an early loan preapproval. Buyers should obtain preapproval for…