The advantages of owning or renting are different for everyone, so be sure to consider important personal situations and long-term goals before making your decision.
As you prepare to look for homes, make sure that you know how much you can comfortably afford. Also, youâ€™ll want to know how your credit and the type of mortgage you choose can affect your monthly payments and overall cost of the loan.
Buying a home is an exciting experience, but it can also be overwhelming if you donâ€™t understand the entire mortgage process. Knowing what to expect will help you make the right decisions about your new home purchase.