Tips For First Time Home Buyers
Buying a home for the first time can be an overwhelming experience. It’s a significant financial commitment that requires careful planning and consideration. Here are some tips for first-time homebuyers:
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Buying a home for the first time can be an overwhelming experience. It’s a significant financial commitment that requires careful planning and consideration. Here are some tips for first-time homebuyers:
Are you looking to purchase your dream home but don’t have a 20% down payment? Private Mortgage Insurance (PMI) could be the solution for you! With PMI, you can secure a mortgage with a lower down payment, making homeownership more accessible. For more homebuying tips, send us a message! Below are some tips on how to remove PMI.
Down payments are not the only expense you should be planning for; you should also have money earmarked for inspections, credit reports, insurance, taxes, and closing costs – which can range from 3%-6% of the home’s purchase cost. Long story short, many other things need to be planned for, but you don’t need to stress; we can help you be prepared and answer any questions you have.
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Your monthly mortgage payment is a combination of paying back the money you’ve borrowed for your purchase (principal) and the interest owed on the money you’ve borrowed. Long story short, interest is what you pay your lender to borrow money for your home. Isn’t that interesting.
Birds are chirping, flowers are blooming, and Spring is springin’! It’s a wonderful season to kick off your house hunt, and we’re ready to help!