Home Buying Tips in the Digital Age

The Internet is much more than a tool for casual browsing. It's ingrained in everything we do—from paying bills to shopping for a home. Among all generations of home buyers, the first step in the home search process is to look online for properties, according to the National Association of Realtors' 2024 Home Buyer and Seller Generation Trends report.

With so much information available at your fingertips it can be hard to make sense of it all—especially for a process that can be as protracted and complicated as the purchase of a home.

The study also found that first-time home buying among younger generations is on the rise, with over 4 out of 5 younger millennial home buyers - 75% - purchasing for the first time. Just under half - 44% - of older millennial buyers were first-time buyers, making it even more imperative to have a firm understanding of the factors involved in purchasing a home.

The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corp. both have resources to help demystify the homebuying process. But having a working knowledge of the process and available programs to assist first-time homebuyers is not enough to determine the right loan to meet a consumer's unique financial needs and budget considerations.

That's where a community bank like FreedomBank comes in. Our expert local lenders can help explain not only what you can afford and what to expect during the process, but other factors to consider when determining the right time to buy a home.

FreedomBank wants to remind you to contact us for help with the homebuying process. And if you are not ready to take the plunge just yet, we can help you to establish a budget and set financial targets, so that when the time is right, you'll have the know-how and the confidence to secure the keys to a home of your own.

Let us help you turn your dream of homeownership into reality.

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