Home Finance 101 for First-Time Home Buyers

Piggy bank and house symbolizing real estate
Before you start the home-buying process, you need to understand how financing a home works. (DepositPhotos)

People interested in buying a home are often overwhelmed with all the information they need to know about the process. To save time and money, you need a basic overview of home finance options.

Not all properties and locations are equal, and in many
cases, the local market and location that offer premiums to lenders might
determine your options.

Here’s a crash course so you can get the loan that best
suits your needs.


Piggy bank and stacks of cash for down payment
How much are you able to spend on a down payment? That can help determine which kind of loan you need. (DepositPhotos)

The Down Payment

If you are borrowing money from a bank or other lender to purchase a home, you’ll need the initial money or down payment.

With most lenders, a buyer must deposit at least 20 percent
of the borrowed amount, with the lender loaning you the remaining 80 percent.
This means, if you’ve set your sights on a home at around $600,000, you
should’ve saved at least $120,000 before you can borrow the rest.

For first-time buyers, governments often can help, with home finance programs that lower

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The Basics of Lawn Maintenance

Example of good lawn maintenance. Fresh green Bermuda grass, with a tree and bed of ornamental plants.
The trick to growing a thick, healthy lawn is no secret — grass requires regular maintenance to keep it looking good. | Photo Credit: Adobe Stock, © Arunee

If you’re like most homeowners, your vision for your home doesn’t end at the walls of your house. You likely picture a lush, healthy lawn as the perfect surrounding for your family’s home. In most climates, having a pristine lawn is an achievable goal — it just takes some work.

In This Article

Today’s Homeowner works with an independent reviews team to create evidence-based research that helps our readers make informed decisions.
The reviews are always independent. For transparency, we may be compensated if you purchase through a link.

Some homeowners find satisfaction in yard work, mowing, weeding and fertilizing their way to the perfect lawn.

Others prefer to focus their efforts elsewhere and hire professionals to take care of the more time-consuming tasks.

If you fall into the second camp, know that there are plenty of professional lawn service companies out there. The reviews team has researched their services, prices and customer reviews to offer a recommendation.

But first, let’s look at what goes into maintaining a healthy lawn.

For

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