5 Things First-Time Home Buyers Must Know

How Much Do I Need For A Down Payment - First Time Home Buyer Buying your first home is a decision that must. know what you’re doing and if you’re doing it for the right reasons. I’m hosting an online discussion about “100 Questions Every First-Time Home.

This is one of the most important things first-time home buyers need to know. Video Tour – 114 Hudson Street, Northborough, MA 01532 The median home value in Northborough, MA is $ 465,000 This is higher than the county median home value of $ 244,000.

5 things first-time home buyers should know – 5 things first-time home buyers should know Buying your own home can be a daunting prospect. Many of us have spent our lives renting, so when we decide to take the step up to owning property we often aren’t quite as prepared as we should be.

First-time homebuyers can. seller’s agent gets upon sale. A buyer’s representative has the same access to homes for sale that a seller’s agent does, but his or her allegiance is supposed to be only.

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Down payment – this is the percentage of the home price that you must pay at closing. The more you put down, the lower your mortgage payments will be. Some loans require you pay 10% to 20% of the purchase price. Other loans designed for first-time home buyers, such as an FHA loan, may only require 3% down or less.

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[Read: 5 deal breakers You Should Know About Before Buying A Home] But. list of your must-haves can get long, and you.

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.

The above article top 5 Things First-Time Home Buyers Should Know was provided by Angela Duong. Angela can be reached at aduong2281@gmail.com or by phone at 435-225-5200. Angela can be reached at aduong2281@gmail.com or by phone at 435-225-5200.