Buying a home is exciting and when an employee finally is making enough money that person can take the great step forward. The first-time home buyer may be a little anxious. After all, this is the most expensive purchase most people will make in their lifetime. No one wants to make a mistake which jeopardizes financial wellness.
The World of Real Estate
The real estate industry is an open market. You can buy the house you can afford or take a risk on one that is more expensive. You have the choice. The downside is purchasing real estate can be complicated.
There are terms used only in the property arena and conditions that only arise in real estate. Financing a house purchase can be confusing. Not everyone knows about points, FHA requirements, or payment schedules. Some prior education is helpful. Countrywide Pre-Paid Legal Services has a financial wellness benefit that offers sound house buying advice. Continue reading