First-Time Homebuyers Archives - Page 3 of 5 - Home Lending Pal

Hidden Homeownership Cost

Buying a Home: 8 Extraordinary Expenses Many First-Time Homeowners Overlook

Buying a home for the first time is exciting, but many first-time homeowners fail to budget for the ancillary expenses. If you are thinking about buying a home, you need to be prepared for all the costs.

Burbs or Bust? 3 Reasons to Move Away from the City

In 2019, about 70 percent of younger homebuyers purchased homes in the suburbs or rural areas. The 'burbs might not be for everyone, and there are pros and cons to be argued for both urban and suburban dwelling. Do the pros outweigh the cons? It depends on your priorities, but here are three reasons to move away from the city.

The Little-Known No Down Payment Mortgage from the USDA

Are you a potential homebuyer doing research on mortgages, particularly those with options for a low or no down payment? The USDA loan guarantee program is presented, including qualifications for borrowers, eligible areas and properties, and loan types and terms, optimized for no down payment mortgage at 1.4% density.

Think Home Ownership is Out of Reach? Here's How to Make It Happen

Think Home Ownership is Out of Reach? Here’s How to Make It Happen

How will you ever be able to save to purchase a home? Don’t worry. This article will show you five methods to think outside the box and put homeownership within reach.

How a Reliable Real Estate Professional Can Simplify the Home Buying Process

How a Reliable Real Estate Professional Can Simplify the Home Buying Process

If younger prospective first-time homebuyers are confused about any aspect of the home buying process, they can seek help from reputable professionals in the industry.

How much money is needed for a down payment

How Much Money is Needed for a Down Payment?

This article examines how much money homebuyers need to put down before buying a home. It mentions a typical down payment, first-time homebuyer programs, and private mortgage insurance to help homebuyers understand their options.

Hidden Cost of Home Ownership

Buying a Home? The Costs You May Not Know About

Buying a home for the first time is an exciting process, but it is also an expensive one. Here's a look at the additional expenses you should be prepared to pay

Don't Play The Waiting Game For Home Ownership

Don’t Play The Waiting Game For Home Ownership

Stop waiting and start saving. Make a list of expenses that can be reduced or eliminated. You can save a down payment for your home sooner than you expect.

First-time home buyer program

5 Money-Related Questions for First-Time Home Buyers

Get answers to some of your money related questions when you are a first-time home buyer.

5 Ways to Reduce Your Out-of-Pocket Cash When Purchasing a Home

5 Ways to Reduce Your Out-of-Pocket Cash When Purchasing a Home

Are you having a tough time saving all the money you think you'll need to purchase a new house? Before you throw in the money towel, learn how you can buy a home with minimal out-of-pocket cash.