Buying your first house is a multi-step process that requires balancing your personal "affordability number" with the technical requirements of lenders. This guide breaks down the journey from financial preparation to receiving your keys. Phase 1: Financial Preparation
While 20% is the "gold standard" to avoid private mortgage insurance (PMI), many programs like FHA loans allow as little as 3.5% down.
Before browsing listings, ensure your "financial house" is in order to avoid disappointment later.
Buying your first house is a multi-step process that requires balancing your personal "affordability number" with the technical requirements of lenders. This guide breaks down the journey from financial preparation to receiving your keys. Phase 1: Financial Preparation
While 20% is the "gold standard" to avoid private mortgage insurance (PMI), many programs like FHA loans allow as little as 3.5% down. buying your first house for dummies
Before browsing listings, ensure your "financial house" is in order to avoid disappointment later. Buying your first house is a multi-step process