Your down payment is one of the most important things to consider when buying a home. But figuring out how much you should save can be a challenge, especially if you’re pursuing homeownership for the first time. How much you should save for a down payment depends on a variety of factors, including the type…
Stepping into the world of homeownership can be thrilling. But it can also be a tad overwhelming — especially when figuring out the initial cash you’ll need. Typically, a first-time homebuyer down payment hovers around 6% of the new home’s purchase price. This blog walks you through the ins and outs of down payments, offering…
As a homebuyer, chances are you have a lot on your plate. Maybe you’re worried about how you’re going to save for a down payment. Or perhaps you feel like your income is too low to be able to cover mortgage payments, homeowner’s insurance, and property taxes on your dream home. You might not have…
What’s the difference between a home warranty vs. home insurance? Imagine you’re preparing to make an offer on a new home, and your agent suggests you request a home warranty from the seller. As a condition of your mortgage, your lender has already informed you that you must obtain homeowner’s insurance. Doesn’t it seem redundant…
What is a home equity line of credit? When you buy your first house, you typically have to save a boatload of cash — tens of thousands of dollars or even more — depending on your financial situation and the price of your property. It’s a big chunk of change, to be sure. But once…
How to close on your first property and accelerate your journey to financial freedom So, you’re thinking about buying a home for the first time. That’s great news! From increased financial security and tax benefits to having a permanent roof over your head and being part of a local community, there’s a lot to like…
In most real estate transactions, homebuyers and sellers hire real estate agents to represent them. In many cases, buyers and sellers never interact with each other; the agents work as intermediaries and do all the negotiation. Every now and again, however, you may run into the acronym FSBO on your house hunt. This means “for…
So you’re thinking about becoming a first-time homebuyer in CT? Congratulations! The Nutmeg State is a great place to call home, with proximity to Boston, New York City, and Providence, Rhode Island, and more than 600 miles of its coastline hugging the Long Island Sound. While the wooded state is beautiful and filled with tons…
While you might be incredibly ecstatic about finding your first apartment, chances are you have a ton of questions on your mind that are giving you doubts. For example, you might want to know which area has the lowest rent. What is a good rent price anyway? There’s no denying that the process can be…
In today’s tough real estate market, any financial advantage you find can make a big difference — particularly when you’re a first-time homebuyer. That being the case, it is really important to understand what your best options are. When it comes to mortgages, FHA loans can be an amazing option for those who are eligible….