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Escrow? Amortization? A Guide for First Time Homebuyers

Home buying can be daunting for first time buyers. New buyers can be overwhelmed by the mortgage lending process, house hunting, and, even, moving! Lucky for you, the Broker Asheville Team loves to collaborate with first time homebuyers, and as the Asheville Citizen-Times confirms, first time buying in Asheville is doable!  
The financial benefits of buying your first home are HUGE! As local mortgage lender Cameron Lewis explains, “There’s more to comparing the costs of renting and owning than the dollar cost of payments.” Take a look at how renting and buying a $200,000 home compare.
For buyers looking to learn more about how home purchasing works, a class for first time homebuyers can be incredibly helpful. Experts introduce buying novices to various kinds of home loans, explain the process from submitting an offer to closing on property, and demystify real estate terminology.
On Track, a local financial education nonprofit, offers in person and online classes for residents throughout Western North Carolina. AB Tech periodically offers free courses too, so keep an eye on their calendar of upcoming events.
Additionally, some employers provide incentive programs to support first time homebuyers. For example, the region’s largest employer Mission Hospital offers staff a homebuyer education program with matching employer funds. Talk about good benefits!
Broker Asheville also offers a substantial refund to first responders and active military to assist with moving costs or to help make your house a home! For eligible buyers, we’ll refund 25% of our commission to you as a closing credit. It’s our way of saying congratulations and welcome home!
For more information about home buying, please be in touch. We love to sit down and help first time buyers make their dreams a reality.