yourtennesseehomes.com
Helping Buyers | | Micheal Allen Holzhauer of Reliant Realty - ERA Powered
Buying a home can be nervewracking, especially if you're a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses. To make the first-time home buying journey a little less stressful, I have has compiled these 25 tips to help you navigate the process more smoothly and save money. We've divided our list into three sections. I'm researching my options 1. Start saving for a down payment early It's common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for private mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000. Play around with a