Five key things first-time homebuyers need to know

As confidence in the economy grows, a greater number of people are wondering if it’s time to exchange their rent checks for mortgage payments.

Understandably, first-time homebuyers may feel overwhelmed by the daunting process of financing their inaugural home purchase. They’ve heard the stories about buyers with stellar credit being turned down for home loans, that there are more hoops to jump through, and those hoops are being held higher than ever before.

It’s enough to make anyone throw their hands into the air and exclaim, “Never mind.”
Not so fast, advise Eric Peltier…