First Time Austin Texas Home Buyer Tips
Posted by Kent Redding on
By the Kent Redding Group
Are you planning on buying your first home in Austin? If so, buying a home for the first time can be a complicated process that’s full of up’s and down’s that’s why in this article we will share with you first time home buying tips that will help you to successfully buy your first home.
1. Start saving for a down payment early
It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for private mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000.
Play around with a down payment calculator to…
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