Are You A First-Time Homebuyer?


First-Time Homebuyer Video Resources

First-Time Home Buyer Advice
You can’t know everything there is to know about buying a home, especially when you’re a first-time homebuyer.
How much down payment do I need for a house?
Many first-time homebuyers believe they have to put 20 percent down on a home. But that’s far from true.
Why do people say you need 20% down?
Average down payments are well under 20 percent. So why do so many people say 20 percent down is the minimum.
How to choose a mortgage lender as a first time home buyer
One of the biggest mistakes first-time homebuyers make is not shopping around for a mortgage.
What credit score do you need to buy a house for the first time?
Most loan programs require a credit score of 620 or higher to buy a house for the first time. That includes conventional loans, most VA loans, and USDA loans (which require 640+).
What qualifies you as a first-time buyer?
If you’re buying your first-ever home, you’re a “first-time homebuyer” by default.
Do I need a home inspection?
Some loan types, like the FHA and VA mortgage programs, require a home inspection to make sure the home meets requirements for safety and affordability.
What are points? How do I know if I should buy them or not?
A point is simply 1 percent of the loan amount. If you choose to “buy your rate down,” or pay “discount points,” you will get a lower interest rate.
What is Private Mortgage Insurance (PMI)?
Private Mortgage Insurance (PMI) is an insurance policy that makes homeownership possible for homebuyers who don’t want to make a 20 percent down payment.
Understanding Due Diligence, Earnest Money, and Fees in North Carolina
Are you considering buying a home in North Carolina? Understanding the intricacies of due diligence, earnest money, and associated fees is crucial for effectively navigating the real estate market. In North Carolina, these terms hold specific significance and play a vital role in the home-buying process. Let's break down what you need to know:
Negotiating New Construction vs Resale Homes
New Home Buying versus Resale Home Buying Tips - Having the correct expectations going into the process will save everyone's heartache and be able to make the best decision possible.
Understanding How Buyers Search For Homes
In the digital age, the process of buying a house has undergone a profound transformation. Gone are the days of flipping through physical listings or solely relying on a real estate agent's recommendations. Today, buyers embark on a journey of discovery, leveraging online platforms and search engines to navigate the vast landscape of available properties. In this blog post, we'll delve into the intricacies of this journey, focusing on the crucial first step: understanding the buyer and how they find their d

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