Residential Home Funding Corp

There are obviously more than five things you should know before buying your first home. Seriously, there’s a lot to consider. It’s a big commitment. Think about it, it involves a contract.

As a kneejerk reaction, most financial advisors and mortgage lenders will likely say something like “As often as you can if it saves money.” As a homeowner, a good rule of thumb is to check in with your lender every six months—or when rates decrease by half of a percentage point.