how do you go about buying a house for the first time?
439410
['Start saving as soon as you can. ... ', 'Work out your budget and speak to a mortgage adviser. ... ', 'Research, research, research. ... ', 'Have your paperwork ready to go. ... ', 'Be patient. ... ', 'Work with a professional estate agent.']
1415383
At least six months beforehand: You'll want to start saving up for a down payment (if you haven't already) so you can show a lender you have the means to purchase a home. Also, try to get a broad picture of your financial situation such as checking your credit report and score.
1072273
["Be a homeowner. You don't have to actually live in the house, as long as you're the owner.", 'Pass an affordability check. ... ', 'Have equity in your home.']
760795
So realistically, most first time home buyers have to put down at least 3% of the home's purchase price for a conventional loan, or 3.5% for an FHA loan. To qualify for one of those zero-down first time home buyer loans, you have to meet special requirements.
1002285
['How Much Can I Afford? ... ', 'How Much Will Property Taxes Cost? ... ', 'What Other Expenses Should I Expect When Buying a House for the First Time? ... ', 'Do I Have an Emergency Fund? ... ', 'How Long Do I Plan to Stay in the Home? ... ', 'Can I Still Afford to Save as a Homeowner? ... ', 'What Are My Rights as a Borrower?']
25507
['Step 1: Making an offer. So you have found a property that you love and can afford. ... ', 'Step 2: The Deposit. Once the offer has been accepted by the Seller, the Buyer must pay the deposit. ... ', 'Step 3: Fulfil your obligations. Insurance. ... ', 'Step 4: preparing for settlement. ... ', 'Step 5: Settlement.']
731911
['Know your credit score. ... ', 'Have a lender pre-approve you before shopping. ... ', 'Shop the lender. ... ', 'Know every expense. ... ', 'Know what you want. ... ', 'Work with a skilled Realtor that knows your area. ... ', 'Understand the actual value of any property you are buying. ... ', 'Buy what you are comfortable paying for.']
897342
['Establish A Budget.', 'Create A Must-Haves, Needs & Wants List.', 'Choose A Neighborhood.', 'Know Your Credit Score.', 'Get Pre-Approved.', 'Find A Top Real Estate Agent.', 'Set Up An Emergency Fund.', 'Reserve Your Emotions.']
1034073
['Save a deposit.', 'Mortgages.', 'First-time buyer schemes from the Government.', 'Stamp Duty.', 'Other costs.', 'Find a property.', 'Put in an offer.', 'Exchange contracts and complete.']
1317029
['Buy a home with a large down payment and bad credit.', 'With owner financing.', 'Buy a house through lease option.', 'With lease option with conventional financing.', 'Buy a house with a cosigner.', 'Through a FHA Mortgage.']
63044
['7 Steps for Buying a House: Save for a down payment. ... ', 'Step 1: Save for a Down Payment. ... ', 'Step 2: Get Preapproved for a Mortgage. ... ', 'Step 3: Find the Right Real Estate Agent. ... ', 'Step 4: Go House Hunting. ... ', 'Step 5: Submit an Offer. ... ', 'Step 6: Get a Home Inspection and Appraisal. ... ', 'Step 7: Close on Your House!']
1368166
['See how much you can afford. The fastest way to get a sense of how much you can afford is with an online mortgage calculator. ... ', 'Get pre-approved. ... ', 'Attend open houses. ... ', 'Search homes for sale. ... ', 'Find a real estate agent. ... ', 'Make an offer. ... ', 'Inspect the home. ... ', 'Get the keys.']
666163
['1 . Start your home search with a pre-approval in hand. ... ', 'Shop around for a mortgage to find the best rates. ... ', 'If possible, opt for a 20% downpayment. ... ', 'Find a BMV Property to save on the purchase price. ... ', 'Improve your credit score. ... ', 'See if you apply for an incentive or HBP program. ... ', 'Use an experienced real estate broker.']
1474531
['Plan early and get your credit score on point. ... ', 'Use free mortgage calculators. ... ', 'Think about the overall cost of buying a home. ... ', 'Make the most of the Help to Buy ISA scheme. ... ', 'Shop around before deciding on where to invest your money. ... ', 'Before getting the keys to your first home, monitor the market and the lease.']
1199793
['Step 1: Complete a home loan application. Your lender will usually give you the option of completing your loan application online, over the phone or in person. ... ', 'Step 2: Document your income and assets. ... ', 'Step 3 – Your mortgage lender completes the pre-approval.']
876549
['Calculate your monthly income and debt.', 'Check your FICO Score.', 'Figure Out What You Can Afford as a Down Payment and for a Mortgage (Price Range).', 'Get Pre-approved for a mortgage, preferably a 15, 20 or 30 year fixed. ... ', 'Determine What You Need.']
1396335
['Stamp duty. When buying a residential property, you will be charged stamp duty. ... ', "If you're a first time buyer, you don't have to pay any stamp duty on properties worth up to £300,000. ... ", 'Speedier process. ... ', 'Exciting prospect. ... ', 'Help to Buy. ... ', 'This means first time buyers will have access to Help to Buy until 2023. ... ', 'Shared Ownership.']