Life Kit Mortgage Secrets That Will Save You Money
Oct 2, 2019
Discover the emotional journey of a woman surprising her children with a new home and the mortgage secrets that could save you thousands. Learn critical steps for first-time buyers, including various lending options and the importance of pre-approval. Explore the benefits of 15-year mortgages versus 30-year ones, and understand the implications of mortgage insurance for low down payments. Get practical advice on home equity loans and some surprising tips for homeownership, all while navigating the often confounding mortgage landscape.
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Deitra's Homeownership Journey
- Deitra Douglas almost didn't buy her house due to a low credit score.
- She found a lender with a first-time homebuyer program, took a class, and paid off debt to qualify.
Shop Around for Mortgages
- Shop around for mortgages, especially if you're a first-time homebuyer.
- Many programs and options exist, so explore various lenders and programs.
Seek Down Payment Assistance
- Explore down payment assistance programs, often available to first-time homebuyers.
- These can provide substantial grants, sometimes up to $25,000, depending on your location.