A Guide for First-Time Homebuyers

Why You Should Use an Agent

There's no need to go it alone! A real estate agent can help guide you through the home-buying process.

After: A Little Love and Landscaping

4 Mistakes You Should Try to Avoid

Rule number one? Don't get more than you can afford. Instead, keep your payments manageable.

Advice for First-Time Homebuyers

  • For each point you agree to pay at closing, the lender agrees to reduce the interest rate on your loan by a set amount, generally an eighth to a quarter of a percent. This is why paying points is…   Read the Article

  • Reading your average good faith estimate from a lender can feel like bleeding to death through a thousand tiny pinholes. Where on earth did all these closing costs come from, and do you really have…   Read the Article

  • Loan shopping is as intricate a process as house shopping, and the terminology is often confusing. The terms "pre-qualification" and "pre-approval" sound like the same thing, but they're not. And in…   Read the Article

  • It's hard enough reconciling yourself to the reality of paying the monthly principal and interest on a new home mortgage. When you realize all the expenses that will be added to that price tag, it…   Read the Article

  • Ask homeowners who have lost their homes to foreclosure and a surprisingly large number complain that they were unaware of important mortgage features when they signed on the dotted line. Whether you…   Read the Article

  • Many buyers associate buying a foreclosure with getting a steal of a deal. This can be true, but there are also potential pitfalls. The pros and cons of buying a home involved in foreclosure vary…   Read the Article

  • Foreclosure is far from the worst thing that could ever happen to you. If your home ends up in foreclosure, chances are there are lots of things you should thank your lucky stars for: your family,…   Read the Article

  • While you can't change market conditions, you can protect your investment and recession proof your home purchase. Even if it may be years before you need to sell, it’s never too early to start…   Read the Article

  • Concerns about job loss, uneasiness about the economy and looming personal or medical expenses have forced some potential homebuyers to put their dreams of homeownership on the fence. While…   Read the Article

  • If your current home hasn't sold and you have to move immediately, a "bridge loan" is a short-term loan that can give you the cash for a new home. This should help ease the burden of two mortgages,…   Read the Article

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