Remove Debt-to-income ratio Remove FHA loan Remove Inspection contingency Remove Marketing
article thumbnail

10 Mistakes to Avoid When Buying a Home

Windemere Buying

Adding another credit card to your collection or taking out a loan will change your credit score, causing a ripple effect that can bring the buying process to a halt. Because new credit changes your debt-to-income ratio, lenders will likely want to review your mortgage approval and your risk of non-payment.

article thumbnail

Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Some conventional loans allow for first-time buyers to put as little as 3% down , subject to qualification requirements. FHA Loans usually require a minimum down payment of 3.5% — so if you purchase a house for $325,000, expect to put down at least $11,375 with this type of loan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? They’ll have specialized market information that others won’t. Whether this will work depends on your market and how competitive it is. They’ll know what’s possible (and likely) in your market, at your price point.

article thumbnail

What You Need to Buy a House in 2021

Redfin

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

article thumbnail

26 First Time Home Buyer Tips to Get Your Foot in The Door In 2021 (Plus 5 That Just Don’t Work)

HomeLight

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.