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5 Things Every First-Time Home Buyer Needs to Know

This is one of the most important things first-time home buyers need to know. Remember, just because a bank or financial institution is willing to lend you a lot of money does not mean that you should accept it: Stick to the reasonable amount that you have calculated as a mortgage payment.

First-time homebuyers often have plenty of questions as they make their way through. What Kind of Concessions Will You Ask for in the Offer?

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So get a copy of your reports and know your credit scores. You can get a free copy of your credit report from each agency every. to 5% of the mortgage amount. If your available cash doesn’t cover.

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Here is what you need to know about purchasing your first home!. The first time home buyer also needs to understand the entire financing. all his first time clients that they should expect to stay in their first home for at least 5.

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What do first time home buyers need to know. In 5 minutes Mortgage consultant robert rivera explains what every first time home buyer needs to know when purchasing their first home.

The customary amount varies depending on the market, but might range from 1% to 3% of the offer price. If your offer is accepted, the funds are applied toward your closing costs. If not, your earnest money is returned to you. Down payment – this is the percentage of the home price that you must pay at closing.

“There’s something nice about having a key to your own house and being able to keep your things. “You need to put in the time to research a builder and to protect your investment with the help of a.

5 Things Every First Home Time Buyers Need to Know In between gazing at furniture catalogs and paint swatches, there are many big decisions that loom on new buyers. Our President, Mike Kaerek, has seen a lot of new buyers and loves helping them through the exciting process.

You need to 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 Buyer Should Ask” at noon Eastern time on.

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Every day scammers are inventing new ways to rob you of your money. The latest fraud is a $5.2 billion problem worldwide. It is a wire transfer scam that is now affecting the home buying marketplace ..