What's the first step to buying a home?
By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
What is are the necessary steps to becoming a home owner?Well, first things first, you have to make the decision to stop paying rent and/or living at home with family, and venture out on your own and start creating your very own wealth, by becoming a home owner.So what's the first step? Getting approved for financing. There are several different ways to obtain a loan, FHA, Conventional, USDA and VA. What do all those mean? Read on reader! Does it COST Money to get pre approved for financing? Believe it or not, I've had people ask this question, NO, it doesn't cost a dime, just some time!FHA is a Government back loan, typically used for first time home buyers, requires little money down and the seller can cover up to 3% of the buyers closing costs. Rates are going to be a tad bit higher ...