How To Prepare For First Time Home Buying -

Tip: Keep the inspection contingency to protect yourself from "money pits."

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AI responses may include mistakes. For financial advice, consult a professional. Learn more Tip: Keep the inspection contingency to protect yourself

Single-family home, condo, townhouse, or multi-family? how to prepare for first time home buying

Aim for a score of 620+; 740+ gets the best rates. Audit your debt: Calculate your Debt-to-Income (DTI) ratio. Save for "Hidden" costs: You Down payment: 3% to 20% of the price. Closing costs: 2% to 5% of the loan amount. Moving fund: Professional movers or truck rentals.

You shouldn't do this alone. Most sellers pay the commission for your agent.

Your agent will help you decide on price and contingencies .