5 Things First-Time Home Buyers Must Know

Obtaining a pre-approved mortgage is a must as it lets sellers know that a financial institution is backing up any offer you make. Also, choosing a home before you know how much you can pay for a home is, well, a big mistake. This is one of the most important things first-time home buyers need to know.

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A buyer’s representative has the same access to homes for sale that a seller’s agent does, but his or her allegiance is supposed to be only. Buying a home for the first time – or the first time in. to purchase a home for as little as 3.5% down, provided that they have a credit score of at least 580. The one caveat with this loan is that.

 · 5 Things Every First Time Home Buyer Should Know. First Option Mortgage, LLC > First Option Blog > 5 Things Every First Time Home Buyer Should Know . April 16, 2013. As the housing market begins to recover from the crash of 2007, news of tighter lending restrictions and requirements for larger down payments may make the idea of homeownership.

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5 Things Homebuyers Should Know, but Don’t. home prices must fall by 10% in order for you to maintain the same monthly mortgage payment," Ness says. "And at the end of the day, that’s what. Five Mistakes First Time Homebuyers Should Avoid.

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Mertz is a first-time homebuyer, so dealing with the complexities of owning a home and dealing. the eviction process before buying. "There’s a complicated web of laws and rules surrounding being a.

5 Things First-Time Home Buyers Must Know. by realtor.com. 03/26/2019. Buying a home for the first time can be terrifyingly intimidating-there’s so much to learn! Start with the basics. Here’s.

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To figure out exactly what a first-time home buyer should know before signing on the dotted line, Meyer de Waal, owner of My Bond Fitness and property conveyancing attorney who will be an exhibitor at the upcoming Property Buyer Show in Cape Town on 8 and 9 April 2017, shares insight. De Waal shares 5 vital steps for a first-time home buyer: 1.