Home Buying 101

So you are now set to buying a new home, but you don't know where to start. Getting a home can be a process that can put you under pressure, especially if this is your first time. Consider the following on how you can start the home buying process. Deposit Savings The very first step you need to have for you to buy a home is cash for a downpayment. It is best that you save a deposit for your house and before getting a mortgage or any loan if you prefer this option, you should always check your balance. For first-time buyers, about 90% limit will apply to the lease you can get. Therefore, you will need a minimum deposit of 10%. Work On Your Funds Make sure you know what and how much you can afford. You can check online for mortgage calculators to help you calculate a low-cost monthly lease. Also factor in the money you'll need for a downpayment, remodeling or furniture, closing costs, fees (such as fees for an attorney, appraisal, inspection, etc.) Another option f...