Posts in category 'First Time Home Buyer'
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27
Should You Ask Someone to Co-Sign Your Mortgage?
If you've found the house of your dreams but are having trouble qualifying for a mortgage, you could ask another person to co-sign your mortgage. Here are some things to consider.
Reasons to Have a Co-Signer
Buying your first house, high credit card balances or a poor credit history are all valid reasons for having a co-signer.
Co-Signer Considerations
If you ask someone to co-sign a mortgage, expect them to have legitimate reservations.
Doing so will incre...
16
7 Things All First-Time Homeowners Get Wrong and How To Avoid Those Big Mistakes
7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes
Like most major milestones in life, becoming a first-time homeowner comes with quite a few learning curves. Even after you close on the house and it becomes officially yours, there's still a lot to learn when it comes to taking care of the place—and setting yourself up for long-term success.
Having recently purchased my first home, I've had a front-row seat to all the trials and tribulations that come with learning how to be a homeowner. Here are seven of the biggest mistakes first-time homeowners make (myself included), plus some helpful tips from the experts on how to avoid them.
1. Calling a repair person with the wrong specialty
This might not sound like a big...
10
Confidence Is the Key to Success for Young Homebuyers
Buying your first home can seem overwhelming. Thankfully, there's a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:
1. Understand What it Takes to Purchase a Home
Overall, Millenials make up the largest group of homebuyers in today's real estate market, and Gen Z is not too far behind. A recent study shared by Freddie Mac shows, however, that Generation Z isn't as confident in the homebuying process as Millennials. The best thing potential young buyers can do is understand what it takes to buy a home. Learn as much as you can about the mortage process, down payment options, and the overall steps to take along the way.