7 Things All Homebuyers Should Know About Homeownership

Do you feel overwhelmed with the process of home buying? You’re not alone. Homebuyer surveys find that more people today want to buy a home, but challenges such as saving for a down payment and student loans are keeping them sidelined.

We know the vast majority of buyers (92 percent) use online search at some point in their home buying process. Maybe that’s how you found us at Down Payment Resource!

But, before you start picking out your dream house online, take a minute to make sure you grasp these 7 key facts about homeownership. keep reading

Do you qualify for down payment help? Here’s how to find out.

Did you know the average down payment assistance benefit is more than $8,000? That could be a major jump start to buying your first (or next!) home. And, who wouldn’t want a boost to their down payment savings?

Homeownership programs can help you get in a house much more quickly and give you a valuable cash cushion for those other expenses, like the home inspection and home repairs. You could save on save on your down payment and closing costs, or even get ongoing tax credits. keep reading

Two important steps to save on your home loan

Are you sitting on the sidelines wondering if you should take action on buying a home?

Information is power, but consumer surveys find that homebuyers aren’t evaluating all their options, potentially leaving money on the table. In fact, mortgage insurer Genworth found that 39 percent of mortgage professionals believe that first-time buyer demand is being restricted by lack of knowledge.

But, you can take two important steps to get educated and learn how to save on your home loan. Ready? keep reading