answersLogoWhite

0

What is the first step in purchasing a new home?

Updated: 9/11/2019
User Avatar

Wiki User

13y ago

Best Answer

The first step in purchasing a new home for most people is arranging financing. Without having a mortgage approved, it is hard to know how expensive of a home you can afford. Once you have attained financing, go ahead and look for your dream home.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the first step in purchasing a new home?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The first step in calculating the down payment of a new home is to?

change % to a decimal


Are homeowners warranties a good idea when purchasing a new home?

I would think they are essential when purchasing a used home. In the case of a new home, see if it is already under a builder's warranty. If not, you may want to buy extra protection.


What is first time new buyer home loan?

A first time new home buyer loan is a loan that is specifically targeted to first time home buyers. Some advantages of a first time home buyer loan include lower down payments, lower interest and lower fees, depending on the company offering the product.


What is the first step one should take if purchasing a residential home?

When purchasing a residential home, it would be wise to garner enough funds to purchase a home. This can be done through loans in the bank, years of saving up or other methods. One has to insure that they have enough funds to do so or else they may become bankrupt or miss payments on the home or utility fees which may result in the eventual loss of their new home. It would be best to consult a financial advisor about this which can be found at common financial institutes such as banks. After insuring that one has enough money to manage the purchasing of a residential home then it will be safe to purchase one. This can be done through contacting a real-estate agent or by one self.


When purchasing a new home how much good faith down payment should you expect on 350000.00 home?

Ten percent


What happens during the process of a mortgage closing?

The mortgage closing is the last step in purchasing a home. It is the point that one goes from house buyer to home owner. The mortgage closing is when your mortgage becomes official and the seller receives their money. Once the mortgage closing has been completed, you will then receive the keys to your new home.


What is the first step in inserting a new gene into a bacterium?

recombinant DNA


In today's economy, is it cheaper to buy or build a new home?

It's always cheaper to buy a used home than to build new. It's much like purchasing a car.


What is the first step in admitting a new state?

You have to have 60,000 citizens


What types of services does C Dan Joyner offer?

C Dan Joyner is a Prudential Real Estate Provider who specializes in helping a first time buyer with the process of purchasing a new home out of Colorado.


Get Ideas For Home Building Design?

When you want to build a new home, the first step is finding a good home building design. Browse the photos in home magazines to come up with a few new ideas. Once you've discovered the design you like, you can research home builders in your area. Building a new home is an exciting adventure, and you want to be sure you use a reputable home builder. Ask everyone you know for a referral.


The New Deal's first step to achieve recovery dealt with?

Banking