What to Know When You’re a First-Time Homebuyer
Join our #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET.
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:

The Complete Conversation Storified:
Resources:
- PlanWise Connect
- Five Areas to Focus On When Hiring a Home Inspector
- 7 Questions to Ask When Choosing a Home Inspector
- 3 Steps to Get the Best Home Loan Rates
- Things to Know About Homebuyer’s Insurance
- Home American Mortgage Calculator
- 8 Credit Score Management Tips
- National Association of Home Builders Median New Single-Family Home Prices- 2014
- South State Bank: Mortgage Loan Checklist
- Take Charge of Your Credit
- When Should You Lock in Your Interest Rate?
- Trulia: Rent vs. Buy
- Financial Symmetry: Think You’re Ready to Buy Your First Home? Think Again…
- The Wall Street Journal: Home Prices Start to Heat Up
- Eye on Housing: New Home Prices by Metro Area and State
If you’ve never heard about #CreditChat, here is a brief overview:
Resources:
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