Wednesday, January 16, 2019 / by Leon Zhivelev
5 Ways to Avoid Debt When Shopping for Your First Home
5 Ways to Avoid Debt When Shopping for Your First Home
Contributed by Kay Carter
Shopping for a home can be an overwhelming experience for anyone. The entire process, from finding listings in your area to successfully obtaining a mortgage loan, is a complicated one that always seems to take a lot longer than we’d like. Buying a home can especially be confusing for first-time home buyers who just want to find their perfect starter home without going into a lot of debt in the process. Luckily enough, that’s not an impossible task. Here are five ways you can avoid debt while shopping for your first home.
1. Create a Budget
Before you start looking for a home, consider creating a strict budget and looking at properties that cost less than the amount you were approved for. What can you afford? Be realistic with this budget and stick to it. Make sure that you also have money set aside for closing costs, home insurance, a home warranty, and any repairs you’ll ha; ...
Contributed by Kay Carter
Shopping for a home can be an overwhelming experience for anyone. The entire process, from finding listings in your area to successfully obtaining a mortgage loan, is a complicated one that always seems to take a lot longer than we’d like. Buying a home can especially be confusing for first-time home buyers who just want to find their perfect starter home without going into a lot of debt in the process. Luckily enough, that’s not an impossible task. Here are five ways you can avoid debt while shopping for your first home.
1. Create a Budget
Before you start looking for a home, consider creating a strict budget and looking at properties that cost less than the amount you were approved for. What can you afford? Be realistic with this budget and stick to it. Make sure that you also have money set aside for closing costs, home insurance, a home warranty, and any repairs you’ll ha; ...
