First-Time Home Buyer Tips - 3 crucial tips
By Stephanie LeFew, Making Real Estate Easy for You-It's all about You
(Coldwell Banker, Tampa FL)
First-Time Home Buyer Tips1. Don't just focus on the monthly mortgage payment that you can afford each month. There are also other expenses that you need to think about, like property insurance, taxes, homeowner association dues, utility bills, and maintenance. There are going to be other expenses as a new home owner that you will need to budget for. Make sure you have a realistic budget. 2. When you are looking at mortgage programs and the amount that you want to put down towards your home purchase, be careful not to completely empty your bank accounts for the down payment. For example if you are wanting to go with conventional financing with 20% down so that you can avoid mortgage insurance, keep in mind a rainy day comes to everyone. You need to keep a good padding in your account ...
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