Many people dream of owning a home but don’t think it’s possible because they lack the resources for a down payment and closing costs. Here are tips for securing that down payment. 1) Borrow from your retirement account: Many people have been investing in a 401(k) plan or traditional IRA for years and first-time homebuyers…
Tag: first time home buyers
Plan Ahead for Homeownership
Studying for your college courses? Focusing on athletics? Starting your new career? Even if you’re not quite ready to buy your first home, it is important to position yourself so when you decide to take the next step, you are completely ready. Start with: 1. Building good credit Sign-up for a credit card but pay…
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