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Unlocking Home Ownership for First Time Buyers with Nishaea Richardson (e56)
- Understanding Credit and Finances: Ensure you have a credit score of 650 or higher to avoid additional costs on a mortgage. It's okay to work towards this goal before fully diving into home buying.
- Explore Financial Assistance Options: Investigate first-time homebuyer grants and local resources to augment your down payment, making homeownership more accessible.
- Carefully Consider Your Financial Boundaries: Avoid the pitfall of being house poor by setting a practical budget that aligns with your lifestyle and doesn’t heavily burden your income.
- Importance of Legal and Financial Practices: Always file taxes annually and consider strategically structuring your homeownership to maximize financial benefits and investment opportunities.
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By Lexi B
5
33 ratings
- Understanding Credit and Finances: Ensure you have a credit score of 650 or higher to avoid additional costs on a mortgage. It's okay to work towards this goal before fully diving into home buying.
- Explore Financial Assistance Options: Investigate first-time homebuyer grants and local resources to augment your down payment, making homeownership more accessible.
- Carefully Consider Your Financial Boundaries: Avoid the pitfall of being house poor by setting a practical budget that aligns with your lifestyle and doesn’t heavily burden your income.
- Importance of Legal and Financial Practices: Always file taxes annually and consider strategically structuring your homeownership to maximize financial benefits and investment opportunities.