5 Things Homebuyers Should Know, but Don’t. home prices must fall by 10% in order for you to maintain the same monthly mortgage payment," Ness says. "And at the end of the day, that’s what. Five Mistakes First Time Homebuyers Should Avoid.

Down payment – this is the percentage of the home price that you must pay at closing. The more you put down, the lower your mortgage payments will be. Some loans require you pay 10% to 20% of the purchase price. Other loans designed for first-time home buyers, such as an FHA loan, may only require 3% down or less.

Are you a first time home buyer and need some advice before. four key tips from a home sales professional that you must consider. Know your lifestyle, know what home is going to fit that. Re-saleability is extremely important: It’s your first home, you’re not going to live in this forever, maybe three, five.

5 Things First Time Home Buyers in Singapore Must Know Check for Eligibility. We are just as excited as you are about owning your very first home. Resale vs BTO Flats. Let’s say you and your spouse have decided to own a HDB flat. Location Hunting. For those on the BTO camp, the hot spots seem to.

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5 Things Every First Time Home Buyer Must Know . By Shane Steele. August 19, 2016 . In the transition to adulthood, there may be no bigger milestone than the day you sign on the dotted line to purchase your first home. For many, it’s a rite of passage and a proud accomplishment to literally.

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First-Time Homebuyer Tips 05:07. Before shopping for a home, it’s important to set your priorities and decide which is more important to you: space or location. If you settle on this in advance, you can make thought-out decisions during the home-buying process and avoid the unsettling feeling of buyer’s remorse.

There are many steps and emotions involved in buying your first house so gaining knowledge about the process is crucial. Ready for the 5 MUST KNOW items for first time home buyers? First, how much can you spend as a first time home buyer? Know your budget and stick with it. A good first step to find your budget is to get pre-qualified for a loan.

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