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5 First Time Homebuyer Tips
 1. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan. 
 
 2. Keep a Conservative Budget: It’s just not the list price that is included in the purchase. Keep in mind there are inspection fees, earnest fees, moving expenses, and typically new furniture purchases that you should prepare for in advance. Along with the initial moving expenses you should also be aware of your monthly budget moving forward. With homeownership comes property taxes, HOAs, home repairs, and more. You want to make sure you are prepared for future budgeting as well. 
 
 3. Get Pre approved: Your pre approval can help if you are putting in an offer against someone who is not...makes you look like a more ready now buyer. Your pre approval is based on your actual income, debt, and credit history. This is different from pre qualification, which is how a lender determines how ... more

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