First Time Home Buyers
5 Tips to Help First-Time Homebuyers Get Ahead
Thinking about buying a house? First-time homebuyers face a daunting task when it comes financing their starter homes. Here are some tips to help the process run smoothly. 1. Start Planning Early Don’t wait until your lease is up to decide whether you plan on buying a home. A person’s home is often the single…
Read MoreWhy Getting Pre-Approved Should Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a…
Read MoreReaching Out to First-Time Home Buyers
During National Homeownership Monthin June, the housing industry celebrates the important role that home plays in our lives and the benefits of homeownership to households, communities and the national economy. It’s also an exciting opportunity to help open the door of homeownership to a rising tide of first-time home buyers. As we’ve previously reported, recent data from…
Read MoreHelpful hints for first-time home buyers
There’s good news for Americans who think they can’t afford to buy a house: There’s a slew of government programs aimed at helping first-time homebuyers get a mortgage, often with very favorable terms. For instance, there are conventional mortgages backed by Fannie Mae and Freddie Mac that require a down payment of just 3 percent…
Read MoreA new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back
For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan…
Read More6 Tips for First-Time Homebuyers
If you’re reading this article, you are more than likely purchasing your first home or are at least interested in taking the first steps towards that goal. That’s something to be proud of! Like any big project, a successful homebuying experience is all about getting the details right from start to finish. Our team at…
Read MoreHow to Apply for a Mortgage as a First-Time Homebuyer!
You’ve decided to buy your first home. Congratulations! Now you need a mortgage. Take a big breath — it’s not every day you apply for a loan with that many zeros. Closing a mortgage transaction takes about 45 days on average, and the process itself tends to allude many first-time homebuyers. Our team here at…
Read More10 Things to Know for First Time Homebuyers
1. Credit Check / What does your score mean today? Your credit score is the basis for your mortgage approval i.e. interest rate/term, FHA or conventional financing, mortgage insurance premiums, etc. The higher the score, the better a borrower looks to potential lenders. A credit score is based primarily on credit history, number of open accounts, total…
Read More