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Homebuying Tips for First-Time Home Buyers

Homebuying Tips for First-Time Home Buyers

Posted On: January 8, 2020 by Prevail Bank in: Home Loans

Interest rates are still historically low, but rising. The housing market is strong. The economy is on the upswing… You've decided now's the time: you're going to buy your first house. It can be an intimidating process, so here are a few tips to help your transition from renter to owner go smoothly:

1: Do Your Research
The first—and most crucial—step in home buying is to determine how much you're able to spend. That includes knowing how much...

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Tags: eau claire, home loan, marshfield, medford, mortgage, owen, phillips, purchase home, wausau

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Budgeting for Homebuying

Posted On: November 4, 2016 by Prevail Bank in: Home Loans, Savings

The Federal Reserve may have raised interest rates slightly, but mortgage rates are still near historic lows. It's still a great time to buy if you've been considering a new home! But how much house can you really afford? This is a difficult question, particularly for first-time homebuyers. Here are a few important points to consider when setting your house-hunting budget:

Start with your Income & Interest Rate
When setting your budget for a house, there are two primary...

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Tags: home loan, house, loan

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