Owning a home is a significant financial goal for many people. However, affording a first home can be a challenge, especially in today’s competitive real estate market. There are a number of factors to consider, including the down payment, closing costs, and ongoing expenses such as mortgage payments, property taxes, and insurance.
Despite the challenges, there are a number of strategies that can help first-time homebuyers afford a home. These include saving for a down payment, getting pre-approved for a mortgage, and exploring down payment assistance programs.
