If you’re thinking about buying your first home, you’re probably wondering where to start. Not only is this probably the biggest purchase of your life, the process can be involved and unfamiliar. To help demystify the process, examine what you’ll need to consider and what you can expect when buying your first home, review our tips below.
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**Assumptions. You are purchasing a single family home and primary residence. Rate is fixed. Debt-to-income ratio is less than 41% and excellent credit. These assumptions are subject to change without notice.
*This mortgage calculator is for illustrative purposes only and is not a guarantee. The monthly payment illustration on this tool does not include amounts for property taxes, insurance premiums, homeowner’s association dues, or other factors that potentially could affect your monthly payment. Therefore, your actual monthly payment will be higher. Interest rates change frequently and without notice. Financing availability and terms will depend on your situation.
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