Foreclosure Prevention Tips for First-Time Homebuyers
First-time buyers are at higher risk of foreclosure. Learn smart buying and budgeting tips to avoid common traps.
Haidee
0
New homeowners often underestimate long-term costs. Prevent foreclosure before it starts by planning smartly.
Tips:
-
Keep housing costs under 30% of your income.
-
Budget for taxes, insurance, and maintenance.
-
Avoid adjustable-rate mortgages if unsure about future income.
-
Build an emergency fund for at least three months of payments.
Knowledge turns ownership from a financial risk into lifelong security.
