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Tagged : first-time homebuyers

Found 3 blog entries tagged as "first-time homebuyers". - The housing market is hot, thanks to favorable interest rates and home prices that remain relatively low around much of the country.

According to the National Association of Realtors, pending home sales rose sharply in May, with lower mortgage rates and increased inventory pushing home sales upward in all four regions of the U.S.

But along with a hot housing market comes increased competition for homes.

"There's not a high volume of home inventory out there," said David Norris, president and COO at non-bank mortgage lender loanDepot. "And many of the lower-priced homes are going for cash."

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516 Views, 0 Comments - The spring homebuying season is in full bloom, and odds are, if you're reading this, you may be thinking it's time to finally start looking for your first house. But before you dive in, it’s important to get your finances organized and know what you can afford. Here’s a checklist to get you moving toward this major purchase.


Pay down your debt.   Have money in the bank.   Fine-tune your budget.  Think about how you'll pay for the house.   Consider the length of your home loan.   Start gathering paperwork.   Scout out where you want to live. 

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546 Views, 0 Comments - As a first-time real estate buyer, you probably have no idea how the overall purchasing process works or how to make sure you’re making a smart decision to purchase. And you’ll probably be very surprised to learn how much work it really is just to buy a home. To get you started in the right direction, and this is just a start, here are a few tips that you should consider.

Get lender-qualified and find a good real estate agent

To start off, you should get qualified by a lender to see what price range you can realistically afford and interview some real estate agents to find the right person to represent you in your transaction.

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