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The tips below can help you avoid some common first-time homebuyer mistakes while house hunting, mortgage shopping and moving in. ... You can always trade up or down for a new home, add a third ...
We talked with two Memphis-area Realtors, and here's what they said you should know before getting started on your home-buying journey. An open house sign can be seen outside of 3758 Vintage Drive ...
While exciting at first, buying your first home can seem overwhelming once you realize all of the steps you have to complete and hurdles you have to clear to secure your mortgage. But by knowing ...
Closing costs typically run about 2 percent to 5 percent of the loan, so if you’re buying a home for $250,000, you can expect closing costs in the $5,000 to $12,500 range.
Putting Too Much Cash Toward a New Home. Younger people have the financial wherewithal to put a lot of cash toward buying a new home — mainly because they have many working years left to earn money.
5. Bills and Monthly Payments. As a potential new homeowner, there are two essential monthly expenses you'll need to consider. One is the mortgage payment to the lender, and the second is the ...
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