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For many starters on the housing marketbuying a home is one of the biggest financial decisions they will ever make. But beyond having your own place, homeownership can provide financial benefits that renting often doesn’t, including capital growth and greater stability in monthly housing costs. In this Redfin guide, we highlight the top benefits of […]
An appraisal is a standard step in the home purchasing process that lenders use to determine the value of a home. It ensures that the amount they borrow matches what the property is actually worth. If the appraisal comes in below the purchase price, buyers may have to put down additional money to fill the […]
If you plan to purchase a home with an FHA loan, you will need to pass an FHA inspection before closing. An FHA loan is a government-backed mortgage that is attractive to first-time homebuyers because it is easier to qualify for and requires only a small down payment. By 2025, 15% of buyers who financed […]
