What to Know When You’re a First-Time Homebuyer

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This week, we talked about what to know when buying your first home. The video panel included: Douglas A. Boneparth – CFP Board Ambassador and Vice President at Life and Wealth Planning, Richmond American Homes,  Martha Staten– Realtor and advocate for Personal Finance in schools, Rod Griffin – Director of Public Education at Experian, and Mike Delgado – Social Media Community Manager at Experian. 

If you have ideas for future topics and guests, please tweet @MikeDelgado.

Questions We Discussed:

  • Q1: How do you decide if you should be renting or buying a home?
  • Q2: What are tips for getting the best rate on a home loan?
  • Q3: What should you do before applying for a home loan?
  • Q4: How do you forecast your housing budget?
  • Q5: What unexpected costs might you encounter when buying a home?
  • Q6: How do you choose a good real estate agent?
  • Q7: What factors should you consider when choosing the location of your new home?
  • Q8: What can a home inspector uncover for you?
  • Q9: What are your thoughts on buying a short sale, foreclosure or bank-owned home?
  • Q10: What are some online tools and resources that can help you research and find a home?

SlideShare Highlights from the Conversation:

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The Complete Conversation Storified:


If you’ve never heard about #CreditChat, here is a brief overview:


First-time Homebuyer Guide
Pinterest board (First-time homebuyer help)
Making the Most of a Mortgage Calculator 
Mortgage Loan Checklist
What to Know when Moving from an Apartment to a House 
5 Mortgage Myths Debunked
Why Renters are Becoming Homebuyers in 2015

Recent Chats on YouTube & Twitter