7 Things First-Time Buyers Should Know

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Save money for a down payment on a house.

  1. Consider opening up a second savings account for house repairs and any extra appliances.
  2. Make sure you know of a good Home Insurance provider.
  3. Consider the taxes. Set aside money  each year to pay the taxes on the house.
  4. Buy the house thats right for you in terms of size and cost.
  5. Know what utilities the specific home you want to buy has associated with it.
  6. Get a 15 year mortgage if you can afford it. You will be able to pay off your fast pretty quickly. After the 15 year mortgage loan is paid off then you be able to save a large amount of money each month and your house will have a large amount of equity by then.

[box type=”info”] Visit our “Find an Agent” section on our website. Contact one of our Realtors – they’ll help you every step of the way, answer all your questions, and give you insight to the entire process! Click here to find an agent  [/box]

 

Joe Moshe
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Joe Moshe

Joe Moshe is the Broker/Owner of Charles Rutenberg Realty Long Island, offering 100% commission to Agents. With over 1000 agents, it's one of the fastest growing, most progressive real estate brokerages on Long Island.
Joe Moshe
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