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A traditional 20 percent down payment can feel out of reach for many buyers — 20 percent on a $300,000 home is $60,000, a big amount to pay upfront — but many loans accept a much lower percentage.
First-time homebuyer programs: If you’re a first-time homebuyer, you might qualify for help affording the home. Some lenders offer a mix of slightly discounted mortgage rates, minimal fees and ...
🛑 Failing to research loan types. People often think a 20% down payment on a home is the standard. However, that's not necessarily the case, especially if you are a first-time homebuyer.
First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...
For a first-time homebuyer, a higher credit score equals a better mortgage interest rate. Get free credit reports from Equifax, Experian, and TransUnion to thoroughly understand your credit situation.
The following items are typically not included on a professional home inspection checklist for buyers: Rodent infestation. Landscaping. Pests like termites or carpenter ants. Airborne hazards such ...
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