Wednesday, February 1, 2023 / by Lance Kelehan
Start saving early: One of the biggest hurdles for first-time homebuyers is coming up with the down payment. Start saving as early as possible, and consider using programs like FHA loans, which require lower down payments. There are also state and local down payment assistance programs available in some areas.
Determine your budget: Before you start shopping for a home, it's important to determine your budget. Consider your monthly income and expenses, and factor in additional costs like property taxes, homeowners insurance, and maintenance expenses.
Get pre-approved for a mortgage: Getting pre-approved for a mortgage can help you determine how much you can afford to spend on a home; ...