If this sounds like you, you need to pause the process and pump the breaks! Here are 12 things every first-time homebuyer needs to do before purchasing a home.
The Financial Side of Buying a Home
Save for a Down Payment
Many renters save for so long because they believe they need a 20% down payment before they can buy a house. While a 20% payment ensures that you won’t be paying for mortgage insurance, you aren’t disqualified from purchasing a home if you don’t have that much saved. There are several loans that allow you to put a lesser amount down. There are even programs that offer down payment assistance or g! ...