Unlocking Home Ownership for First Time Buyers with Nishaea Richardson (e56) cover art

Unlocking Home Ownership for First Time Buyers with Nishaea Richardson (e56)

Unlocking Home Ownership for First Time Buyers with Nishaea Richardson (e56)

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  • 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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