Below you'll find a list of all posts that have been tagged as “First-Time Buyers”
If you are a first-time home buyer, you may not know that your mortgage payment consists of more than just the loan you’re approved for. This is especially important to understand, because these additional “pieces” raise the amount of money you’ll be paying out-of-pocket every month. Depending on the size of the home you are buying, this could be more …
Buying a home is likely the biggest financial transaction of your lifetime. It takes most people years to prepare to buy their first home, and saving for the down payment is often the most difficult step. A conventional down payment is 20 percent of the value of the home. There are benefits to making a […]
Home buyers face many important decisions as they prepare to close on their new house. You may be offered a home warranty in the agreement with the seller, or you may consider purchasing one yourself. If you’re in the process of buying a home, you should know what a home warranty is, how it works, […]
Overpaying for a home is an unfortunately common problem, especially for first-time buyers and people in hot real estate markets. When you’ve never gone through the home-buying process before, it’s difficult to know whether or not you’re getting a good deal. If the market is competitive, overpaying becomes an even bigger risk because you may […]
Becoming a homeowner for the first time is an incredibly exciting experience, and being approved for a mortgage is possibly the most important step in the process. First-time buyers have a number of different options for home loans. There are several programs that offer competitive terms for your first mortgage, and you should explore every […]
If you are considering buying a home in a seller’s market, like the one in Wilmington, there’s a good chance you’ll be competing with other buyers. Realtor Melanie Cameron shares useful tips for getting your offer to purchase accepted when in a multiple-offer situation. These are all taken from real transactions with examples from both the seller and buyer …
Their commercials are all over television and streaming devices – online lenders advertising quick approvals and apps that make the application process super easy. The ease of accessibility appeals to home buyers who like the low-pressure benefits of shopping online and the swiftness of information retrieval. However, is there a benefit to using these online lenders and is their application …
Purchasing a home can be a confusing and overwhelming process. There’s the fun part of choosing a home. Then, there’s the stress of dealing with finalizing financing and repair negotiations. For a first-time buyer who has never had the experience, it can be easy to make a mistake here and there, but reading up on the process can help prevent …
If we looked at the Google searches conducted over the past few years, what would they reveal about home buyers and the future of the real estate market? Chase wondered the same thing. They partnered with Google to see what‘s top of mind for buyers and shared it in an interesting report. Here are the main takeaways: Affordability is a …
