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These Are The First Steps To Take Towards Buying Your First Home!

If you have never purchased a home before, the process can seem overwhelming. What, exactly, do you need to do before you buy a home? What steps do you need to take? And where do you start?

A recent article from outlined some of the most important initial steps first-time homeowners need to take as they navigate the home buying process, including:

  • Saving for a down payment. Most lenders require you to cover a percentage of the home’s cost in cash—known as a down payment. While a 20 percent down payment can be beneficial, it is not typically necessary. Many lenders are willing to work with Buyers with a lower down payment—so just save up as much as you can prior to starting your home search.

  • Getting pre-approved for a mortgage. Before you start looking for a home, you need to know how much home you can afford—and that means getting pre-approved for your mortgage. Once you are pre-approved, you know exactly how much you have to spend—which will save you time, energy, and frustration during your home search. (No one wants to fall in love with a home, only to find out they are not approved for a large enough mortgage to purchase it.)

  • Finding the right real estate agent. great real estate agent will walk you through the entire home buying process, whether that is finding you the right home, negotiating a great deal, or answering questions along the way. So, before you get too far into your home search, make sure to find a trusted, reputable agent to partner with.

The Takeaway:

Bottom line? If you have never purchased a home before, it can be hard to know where to begin—but these steps are a great place to start!

These Are The First Steps To Take Towards Buying Your First Home!

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