What to Know Before Buying Your First Home

You are ready to buy your first home. You have a stable job, money saved aside, and your credit score is good. Now it is time to go out and get your dream home. This moment is an exciting, emotional, and critical moment of your life and your partner’s life (in case you have one). Buying a home is one of the most vital steps that adults take in their lives and a rewarding financial step towards achieving stability in your life, but it is a long-term commitment. You should consider some significant points that can help you buy the right house and be prepared for any situation that may happen as a future homeowner. Continue reading “What to Know Before Buying Your First Home”

How to Save for Your House Down Payment

Buying a home is a big step in life and a significant commitment.  Most of us will need to use a Bank or Lender for funding the home we want to buy. For this step, a majority of programs require a down payment.  A Down payment for a home loan is the amount, in percentage, that you need to pay towards the total price of your desired home. A down payment on a house in high cost areas can be a difficult factor.  With the right planning and realistic expectations, you can have the money you need for the down payment on your home. Continue reading “How to Save for Your House Down Payment”