You are using an older browser version. Please use a supported version for the best MSN experience.

8 things that first-time homebuyers fret about

Mediafeed Logo By Crissinda Ponder of Mediafeed | Slide 1 of 9: The process of buying a home for the first time can be a complicated cluster of decisions that may leave you feeling overwhelmed. You have to evaluate where you stand with debt, income and savings, choose from a menu of mortgage terms and types, estimate future maintenance costs, plus consider a host of other factors.The good thing is you’re in plenty of company. First-timers account for a 60% share of conventional and FHA mortgages combined, according to 2017 report from the Urban Institute, a nonprofit research organization based in Washington, D.C.Before you take the leap — worry-ridden and all — review the following eight first-time homebuyer questions and our answers.

Don't be overwhelmed

The process of buying a home for the first time can be a complicated cluster of decisions that may leave you feeling overwhelmed. You have to evaluate where you stand with debt, income and savings, choose from a menu of mortgage terms and types, estimate future maintenance costs, plus consider a host of other factors.

The good thing is you’re in plenty of company. First-timers account for a 60% share of conventional and FHA mortgages combined, according to 2017 report from the Urban Institute, a nonprofit research organization based in Washington, D.C.

Before you take the leap — worry-ridden and all — review the following eight first-time homebuyer questions and our answers.

© Depositphotos
Loading...

XD Load Error

More from Mediafeed

AdChoices
image beaconimage beaconimage beacon