Things Every First-Time Home Buyer Should Know

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6 Things No One Tells First-Time Homebuyers. What I wish I'd known before starting the expensive, time-consuming, emotionally draining. You should shop around for a competitive mortgage – and don't rule out less traditional options.

With no experience and a complex, emotional transaction on your hands, it’s easy for first-time home sellers to make lots of. And yes, you have to clean and tidy the house before every single visit.

To figure out exactly what a first-time home buyer should know before signing on the dotted line, Meyer de Waal, owner of My Bond Fitness and property conveyancing attorney who will be an exhibitor at the upcoming Property Buyer Show in Cape Town on 8 and 9 April 2017, shares insight. De Waal shares 5 vital steps for a first-time home buyer: 1.

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Other loans designed for first-time home buyers, such as an FHA loan, may only require 3% down or less. Closing costs – these are fees you must pay at the settlement, such as lender charges, an appraisal, survey, inspections, attorney fees, taxes, title insurance, and any other processing expenses.

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3 Things Every 1st-Time Buyer Should Know Posted By Frances Traynor 20th October 2016 Buying a house can be a daunting prospect, whether you’re a first time buyer, or a seasoned pro, but when you’ve never gone through the process before it can be helpful to know exactly what you’re getting yourself into, how much everything should cost.

Every first time home buyer should know how much he or she can afford, his or her pre-qualification status and what documents are needed for the mortgage application.

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This is the obvious one: What you’re paying every month on the road to home. first-time buyer, remodeling and buying furniture will likely be lower-priority expenses, but according to Zillow, you.