Buying a home can be an exciting time—but if you’re a new buyer, it can also be intimidating. With tons of moving parts to contend with, how exactly can a homebuyer best navigate the multipart process. It starts by finding the answers to some of the most important questions about what to expect.
There are a few different ways that you can tell that it’s time to stop renting and start buying, but one of the major signs is that your finances are in neat and tidy order.
It can take some time to go from a signed offer to a new homeowner, even if the homebuying stars align just right. According to recent data from the Ellie Mae Origination Insight Report, it takes, on average, about 51 days to close on a home
You may think that the first step in homebuying is to find the perfect home, but it’s actually smarter to start by getting a mortgage preapproval from a lender.
Contrary to popular belief, a good credit score isn’t a requirement for homeownership—but it can be helpful if you want to get access to the best loan interest rates.