Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
First time home buyer questions
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="vinny89gt" data-source="post: 12562321" data-attributes="member: 128060"><p>1. It doesn't really matter what company you get a loan from. You'll find that your loan will probably get sold many times. Meaning if you initially get a loan from Metlife, they'll sell the loan to Citi etc etc. You can look into a first time home buyers loan. Basically, the rate will be slightly higher than a standard loan, but the money you have to put down is less (I think it was 3% when I purchased).</p><p></p><p>2. I'd say the best move I made in my first home was a home warranty. The cost is relatively minimal and, in this buyers market, you'll probably be able to get the seller to provide this. This allows for things like your HVAC system/water heater/well pump (if you have one) to be covered if anything breaks. All you pay is a set (usually $50 or $100) fee when the company comes to repair.</p><p></p><p>As far as out of pocket expense, it's all up to you. You can buy a fixer upper, but you have got to know going in what you can afford to fix up yourself. When I purchased my first home, because I was getting an first time home buyer loan, I was not able to roll improvement costs into my loan. </p><p></p><p>3. The first step is to find a realtor. My fiance and I lucked into someone with whom we got along very well. You have to be very honest with your realtor about what you want/don't want and all of your expectations. You can look at homes online, but realtors have access to many more homes on their databases.</p><p></p><p>Lastly, I would say don't settle. The first home I bought I was rushed due to my rental agreement being up soon and I settled for something. It ended up working out, but you get my point.</p><p></p><p>Good luck. You'll have lots of fun looking for houses. You'll soon be consumed with looking on housing websites.</p></blockquote><p></p>
[QUOTE="vinny89gt, post: 12562321, member: 128060"] 1. It doesn't really matter what company you get a loan from. You'll find that your loan will probably get sold many times. Meaning if you initially get a loan from Metlife, they'll sell the loan to Citi etc etc. You can look into a first time home buyers loan. Basically, the rate will be slightly higher than a standard loan, but the money you have to put down is less (I think it was 3% when I purchased). 2. I'd say the best move I made in my first home was a home warranty. The cost is relatively minimal and, in this buyers market, you'll probably be able to get the seller to provide this. This allows for things like your HVAC system/water heater/well pump (if you have one) to be covered if anything breaks. All you pay is a set (usually $50 or $100) fee when the company comes to repair. As far as out of pocket expense, it's all up to you. You can buy a fixer upper, but you have got to know going in what you can afford to fix up yourself. When I purchased my first home, because I was getting an first time home buyer loan, I was not able to roll improvement costs into my loan. 3. The first step is to find a realtor. My fiance and I lucked into someone with whom we got along very well. You have to be very honest with your realtor about what you want/don't want and all of your expectations. You can look at homes online, but realtors have access to many more homes on their databases. Lastly, I would say don't settle. The first home I bought I was rushed due to my rental agreement being up soon and I settled for something. It ended up working out, but you get my point. Good luck. You'll have lots of fun looking for houses. You'll soon be consumed with looking on housing websites. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
First time home buyer questions
Top