- Homeowners
- December 11, 2024
What First-Time Homeowners Need to Know About Their Property
After you purchase your first home, it’s hard to know what to do first. This is what first-time homeowners need to know.
Rabekah Henderson is a writer covering all things homes and housing. She's written for publications like USA Today, Real Simple, The Spruce, and US News & World Report. She lives in Raleigh, NC.
After you purchase your first home, it’s hard to know what to do first. This is what first-time homeowners need to know.
One of the nice things about FHA loans is that they come with a unique refinancing option, the FHA streamline refinance, which can cost less than other options.
Home inspections can seem like one more hurdle in what can be a complicated (and expensive) closing period before the sale goes through. But they shouldn’t be skipped as many potential problems may not be visible to the naked eye.
A cash-out refinance allows the homeowner to access the equity they’ve built up in their home and use those funds how they choose.
Homeowners may be able to use home improvement loans to fund kitchen and bathroom renovations, landscape overhauls, and whole-house updates.
Long-term rental properties can make a lot of financial sense: You build equity while a tenant covers the monthly mortgage payment on the property. So, what should would-be investors consider before purchasing their first rental property?
Homes are still in short supply in today’s housing market—which means competition for homes can be fierce. So, what makes an offer stand out to home sellers?
The typical down payment for first-time buyers is just 8%, according to the National Association of Realtors. But making a higher down payment can lead to substantial savings both in the near term and down the road.