Have a space that is solely your own
Prioritize the needs of those closest yo uou
Control your future direction and security
Display your unique personality
Grow your assets and net worth
Reflect your efforts and success
Surround yourself with enhanced experiences
Be a part of a broader social group
As you take the first steps on this journey, focus on the excitement you feel.
Homeownership changes lives – it’s that simple. It gives you more stability, more stake in the community, and a greater sense of pride and accomplishment.
Don’t worry – no one expects you to know everything about the process up front. Instead, focus on your homebuying goal and how achieving it will change your life.
Let the experts help you along the way with the finer details. Your job is to think about what you want, what you need, and who’s going to help you achieve your goal.
When it comes to buying your first home, seeking out information about homeownership and the homebuying process is the first step. Before you can make one of the biggest and most impactful purchases of your life, you need to understand what it takes to become a homeowner and why homeownership is so worthwhile. That’s where the experts come in.
In this guide, you’ll find expert insights and research to help you learn how to get started, what you need to know, and what you can expect from the process. That way, you’ll have confidence as you take this important step forward.
Another thing to remember is that you may also need to overcome some of the hurdles that you feel are holding you back.
Any time you make a big life decision, it’s human nature to have concerns or look for reasons you’re not ready. In the rest of this guide, you’ll explore some of the main things that could be holding you back, including:
• Student Loan Debt
• Down Payments
• Beliefs on Renting vs. Buying
You’ll find out what’s true and what’s not. That way, if you’re on the fence about whether or not you want to buy, or you’re just kicking off your journey into homeownership, you’ll have the information you need to make an informed decision.
After all, you know friends who are buying houses, so why can’t you?
A report highlighting the estimate value of the property completed by a qualified third party.
A letter from a lender that shows what they are willing to lend you for your home loan.
The fees required to complete the real estate transaction. Paid at closing..
A provision ina contract requiring an inspection to be completed.
A number ranging from 300 -850 that's based on an analysis of your credit history.
A measure of whether someone earns enough to qualify for a loan on a typical home based on the most recent price, income, and mortgage rate data,
Down payments are typically 3.5-20% of the purchase price of the home. Some 0% down programs are also available
The interest rate you pay to borrow money when buying a home.
The value of your home above the total amount of liens against your home.