How to Say Goodbye to Renting and Hello to Home Ownership

Becoming a first-time homeowner requires saving for a down payment, often between 3-20%, with a typical 5% on a $200K home being $10,000. Create a savings plan by cutting unnecessary expenses or adding side income. Protect against identity theft by using protection services, especially during the home buying process. Check your credit report early to correct errors and improve your score before applying for a mortgage.