Save Money
I Want to Buy My First Home. Where Do I Start?
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/Happy-young-couple-calculating-bills-at-home.jpegkeepProtocol.jpeg)
Finally, decided to embark on your home buying journey? You’re not alone: millennials are projected to be the largest swath of homebuyers in history with over 1.5 million household formations projected each year until 2024. Time is of the essence—here’s how you can get a jump on the competition.
Create a plan for your finances
This is essential when buying your first home. You’ll want to do the following early in the process:
1. Check your credit.
Connect with a Mortgage Banker who has the ability to check your credit repeatedly without harming it—something you cannot do. If your credit is not up to snuff, don’t worry, that same professional can also help you form a plan for improving it. Learn more about credit scores here.
2. Discuss financing.
Based on your credit, a Mortgage Banker can educate you about your mortgage options. Understanding the benefits and drawbacks of different loan types will help you make an informed choice later on.
3. Research down payment options.
Figure out how much you can put down on a new home; then, look into first-time buyer programs that may curb that expense.
Article repost with permission from Apex Home Loans.
Read the full article here
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/pf-logo.png)
-
Personal Finance7 days ago
Gas prices drop as demand for driving fizzles out: AAA
-
Investing7 days ago
Crowdstrike CEO Responds to Causing Largest IT Outage in History
-
Side Hustles7 days ago
How to Build A Startup, From an Early Lyft, Twitch Investor
-
Passive Income7 days ago
The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
-
Passive Income5 days ago
NLRB Drops Expanded Joint Employer Appeal
-
Side Hustles7 days ago
Jake Paul: Mindset Hacks, Mike Tyson Fight, Embracing Fear
-
Investing7 days ago
Boeing to supply E-7 in first major win since plea deal By Reuters
-
Side Hustles6 days ago
10 Effective Growth Marketing Strategies for Your Startup