5 Things Every First-Time Home Buyer Needs to Know

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As the housing market begins to recover from the crash of 2007, news of tighter lending restrictions and requirements for larger down payments may make the idea of homeownership seem more daunting for a first time home buyer, but the truth is that there hasn’t been a better time in years for first time buyers to enter the market.

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5 Things all First-Time Home Buyers Need to Know Your first thought this year may be to get into a new home. You’re probably renting right now and feel that you’d like to live the "American Dream".

For first-time homebuyers, we have some unfamiliar territory here: there are more costs associated with buying a home than just the house payment and realtor fees. Before you even purchase, you’ll need cash on hand for your down payment and earnest money, but don’t let the 20% myth scare you.

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Before you do, there are a few key things you need. alarm buyers by listing every problem. Worse, some unscrupulous agents may partner with inspectors they know will overlook big problems and raise.

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“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.

We cover 6 things first time home buyers needs to know. From how to qualify for a mortgage? To how much money you should put down?