The door for the first-time home buyer has been sealed shut for years. But, in 2015, loosening lending standards and mortgage rates holding steady below 5% have caused an influx of millennials to enter the market and buy.
Despite favourable buying conditions, purchasing a home will be the largest investment most people ever make.
Making the move from renter to homeowner is a challenging period. The smallest oversight could set you back years. A smart investment decision could set you up for life.
To help first-time buyers navigate the unchartered waters of home ownership, we’re sharing this infographic courtesy of the team at Jacob Grant Property Management that will cover 15 money saving tips that will save you thousands and help make your first buying experience a success. The infographic covers everything from mortgage types and contingency clauses to expense ratios and closing cost negotiations.