How can first-time homebuyers save money when mortgage rates are at 20-year highs and home prices are rising again?
There’s no doubt that buying a home today is expensive. Mortgage rates are above 7%, home prices have begun climbing again, and bidding wars are back.
But for first-time buyers who are determined to become homeowners, there are a few ways to cut costs and lower mortgage payments. Some require a bit of creative thinking; others may take some perseverance.
Below are 10 tips to save money when purchasing a home in today’s crazily expensive market.