First Time Home Buyers
- Shop multiple lenders for the lowest-rate mortgage with the fewest attached points. Try and find the shortest-term possible dependant upon what you can afford in monthly payments – the shorter the term the less you pay in interest fees.
- Be cautious of loans with ARMs (adjustable rate mortgages). ARMs can vary drastically in monthly payments as the loan ages.
- Sometimes buying from a personal owner instead of an agent can save you thousands off of the purchase price. Another way to find lower priced property is by searching your local foreclosure market and/or home auctions.



