From Renting to Owning: A Financial Guide to Buying Your First Home

Buying your first home can be a daunting venture. Being prepared for every step is one of the best ways to increase your confidence and chances of finding a home you love that also fits your budget.<br />Have a financial question for us? Email  GoodCents@payactiv.com. Don’t forget to subscribe on Apple1, Spotify, or wherever you get your podcasts.<br />Here’s the recap of today’s 15-minute episode: <br />How to start saving for your down payment with PayactivThe first steps you should take if you’re interested in going from being a renter to a buyerThe basics of a FHA Loan, USDA Loan, and other financing optionsHow your credit score impacts your loan and mortgageThe importance of paying your bills on time and and lowering your credit utilization ratioHow automated savings can set you up for success when buying your first homeHow to identify the type of home you can affordHow to talk to a lender to ask your initial questionsWholistically looking at your mortgage amount and what feels good to youThe costs to consider when buying a homeWhat is house hacking and is it the right strategy for you<br />* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll free at 1 (877) 747-5862, 24 hours a day, 7 days a week.<br /><br />