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5 Things First-Time Home Buyers Must Know

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Buying a home for the first time can be terrifyingly intimidating-there’s so much to learn! Start with the basics. Here’s what every first-time home buyer needs to know to dive into house hunting with confidence.

The Federal Housing Administration, or FHA, is a dream for first-time home buyers. Whereas a conventional mortgage requires a 20% down payment, FHA mortgages have a 3.5% down payment requirement..

First-time home-buyers are often surprised by the requirements of obtaining. Here’s how it works. Most people know that when you take money out of a traditional IRA prior to age 59½, there is.

There are many steps and emotions involved in buying your first house so gaining knowledge about the process is crucial. Ready for the 5 MUST KNOW items for first time home buyers? First, how much can you spend as a first time home buyer? Know your budget and stick with it. A good first step to find your budget is to get pre-qualified for a loan.

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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.

5 Things Washington First-Time Home Buyers Should Know in 2018 Home prices in Washington have risen steadily in recent years, and they continue to do so. Mortgage rates are expected to inch upward in the coming months.

Congratulations! After years and years of renting, you feel ready to buy a home. Here’s what every first-time home buyer needs to know. The post 5 Things Every First-Time Home Buyer Needs to Know.

Pre-qualification for your mortgage is a must. Most professional agents won’t even show you a property unless they know. first-time home buying harmony is as simple as following these few tips,

Second, you have to be realistic about your expectations. You are a first time home buyer, so everything will not be perfect. You will want to make sure that the layout is pleasing and the structure is sound. Don’t consider properties that require extensive renovations, unless you have experience with this.

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