Torn between buying or renting? Interested in purchasing your first home? Buying a home for the first time can be a major decision as you are investing into your future. Check out our tips for a first time home buyer!
1. Start Saving and Get Pre-Approved.
First time home buyers should always obtain financing preapproval from a lender before house hunting to better understand how much home they can afford and what loan product will be best for their financial situation. Have your lender research grant products that might reduce closing costs. If you are house hunting in the Commonwealth of Virginia, you may be eligible for a Virginia Housing (VHDA) housing grant to help you get the home of your dreams.
Always consider the cost of items that…