Applying for your first home mortgage can feel daunting. Use our first-time homebuyer guide to learn about the process of becoming a new homeowner.
“Make sure you factor in closing costs, moving costs, the home inspection, escrow fees, home insurance, property taxes, costs of repairs and maintenance, possible homeowner's association fees, and more," saysJ.D. Crowe, president of Southeast Mortgage and the former president of the Mortgage ...
The first thing any prospective homeowner should do, especially a first-time home buyer, is obtain a free credit report and view their credit scores. This can be accomplished either fromAnnualCreditReport.com(which is backed by theCFPB) or via a free service of some kind, such as Credit Ka...
As a new homeowner, there are many other potential expenses to budget for, like property taxes, homeowners/hazard insurance, utilities — and good old average maintenance and upkeep. How this affects you: All told, you could end up paying thousands per year for taxes, insurance and ...
For an existing homeowner, juggling buying another home while selling the first -- without taking a loss -- may be challenging. But for first-time homebuyers, the situation is simpler -- wait for the market to shift towards a buyer's market, if you can. But this process comes with its...
and allows them to offer lower interest rates. There are three types of government-backed loans currently available:FHA loans,USDA loans, andVA loans. Each program has its own set of qualifications that applicants must meet. Interested in becoming a homeowner but don’t have great credit?Read...
Buying your first home in Colorado is exciting — but becoming a homeowner in the Centennial State can be a little intimidating, too. The good news is that Colorado first-time home buyers have access to plenty of support throughout the home buying process. That ranges from advice and home ...
goes beyond the selling price and your down payment. Be sure to factor in things like closing costs, which can be 2% to 5% of a home’s purchase price, and other potential expenses like inspections, homeowner association fees and the typical homeowner costs like maintenance, utilities and ...
The Pennsylvania Housing Finance Agency should provide free advice to any first-time home buyer in PA. In addition, the U.S. Department of Housing and Urban Development (HUD) provides a few lists of statewide, regional, and local homeowner resources. These can help you find down payment assis...
The preparation of a space for painting allows efficient use of materials and time. The preparation of the room for painting allows easy cleaning and handling as well as an overall professional appearance. The exterior painter is a dream for every homeowner. The exterior of their homes should ...