Choosing the best home loan for first-time homebuyers is one of the most important financial decisions you can make in your life. Understanding the various options available and finding the right fit for your financial situation is crucial. From government-backed loans to conventional programs, each type offers different benefits and requirements to consider. Explore the most popular mortgages for first-time buyers to ensure you make the best choice for your future investment. Use these tips for first-time homebuyers to help you make informed decisions that align with your homeownership goals.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

5

One of the best things about the cost of living in Tennessee is that the average property taxes are lower than almost anywhere else in the country. When you're buying a new home in the state, preparing for property taxes helps you shop within your desired budget. Learn how your tax rate is calculated and where you can find the lowest property taxes in Tennessee.

Tennessee's Advantage: Low Property Taxes

In 2022, the average Tennessee homeowner paid just 0.71% of their home's value in property taxes, compared to the national average of around 1.3%. This difference can result in thousands of dollars in savings over time.

To understand how your property tax bill is determined, three key factors come into play:

• Appraised Value: The county

Tennessee proves that you don't have to live near the ocean to enjoy a perfect day at the beach. All you need is sand, water, and the necessary facilities to make your beach day enjoyable. Tennessee’s best beaches offer swimming areas, boat rentals, and amenities like picnic tables, restrooms, and showers. Typically located on Tennessee’s best lakes and rivers, they also offer beautiful sunset views, spacious campgrounds, and horseback riding opportunities. So, whether it’s sunbathing, swimming, or playing beach volleyball, this landlocked state has it all!

Quick Dip into TN Beaches

• Cherokee Lake Beach offers kayaking and beach volleyball in a serene setting.
• Douglas Headwater Beach is family-friendly, with swimming and sunbathing

Buying a home can involve a lot of expenses to consider, including a down payment, fees, inspection costs, and more. What many people tend to think of, though, when purchasing a home is the sum of closing costs that must be paid before the purchase is finalized. While many parts of the buying process are important, having enough capital for closing costs is an integral part of the entire purchase.

What Are Closing Costs?

Closing costs can include everything from recording fees, title policies, courier charges, inspections, and an impound account. This will range from 5 percent or more of the total purchase price, varying based on the origination fees the lender charged for the loan.

Although closing costs are portrayed as one lump sum

Tennessee may be known for its legendary music scene and picturesque landscapes, but other intriguing facts add to the state's allure. From peculiar speed limits in certain towns to a surprising list of venomous creatures that call Tennessee home, there's more to discover beyond the conventional tourist spots. These lesser-known tidbits offer a glimpse into the unique and quirky side of the state—from quaint small towns to the best cities in Tennessee—making it a destination worth exploring for those seeking a different kind of adventure.

Quick Highlights

• Tennessee is home to Ruby Falls, the tallest underground waterfall in the U.S., which stands at 145 feet.
• The state houses the country's largest underground lake, known as the Lost Sea.

When deciding between moving to Tennessee or North Carolina, you'll find each state offers distinct advantages that may appeal to different preferences. Tennessee's lower cost of living and tax-friendly environment might catch your attention, while North Carolina's larger population and lifestyle may appeal to others. However, there's more to ponder beyond these factors. Assessing the pros and cons of each state can help to influence your choice. Learn more about Tennessee and North Carolina to determine which state might align best with your priorities.

Main Comparison Points

• Tennessee offers a lower overall property tax burden and no income tax, providing financial advantages.
• North Carolina has a larger population and boasts many higher

Living in Brentwood, Tennessee, comes with several unforgettable outdoor experiences. Whether you’re looking for a peaceful retreat nearby, a fishing paradise, or a wildlife observation and hiking adventure, there are several nearby lakes for your enjoyment. Read on to explore the lakes around Brentwood. 

Quick Highlights

• Radnor Lake: 1300 acres for wildlife observation and hiking.
• Willow Lake: 51 acres known for clear water and fishing.
• Dyer Lake: 10-acre fishing spot with various fish species.
• Crockett Springs Lake: Tranquil pond with abundant vegetation.
• Resha Lake: Year-round fishing in Davidson County, TN.

Radnor Lake

Radnor Lake is a must-visit destination in Nashville if you're seeking a peaceful retreat into

Discover the allure of Tennessee's pristine lakes, where tranquility meets natural beauty. These stunning bodies of water offer various recreational opportunities for outdoor enthusiasts. Whether you seek fishing near Chattanooga, boating in Nashville’s top suburbs, or simply unwinding on the shore, Tennessee's lakes provide the perfect backdrop for adventure, surrounded by breathtaking scenery and endless possibilities. Explore the wonders of Tennessee's lakes and embark on unforgettable experiences in the heart of nature.

Cherokee Lake

Less than 35 miles northeast of Knoxville in East Tennessee, Cherokee Lake offers plenty of picnic areas, campgrounds, islands to explore, and much more. The lake is a picturesque spot for outdoor activities

Many first-time home buyers find themselves overwhelmed with the countless considerations, options, and obstacles involved in financing the purchase. Federal Housing Administration (FHA) loans can be a great option. An FHA loan is one of the best ways for first-time homebuyers to make a downpayment, thanks to requirements as low as 3.5% for qualified buyers. Overall, they make homeownership possible for many people who otherwise couldn't make this aspect of the American Dream a reality. Before you apply, here is everything you need to know about buying a home with an FHA loan.

Why Do People Apply for FHA Loans?

Getting a traditional mortgage is not always easy for home buyers, especially those buying their first home. Depending on your

Owning and operating a rental property involves significant work. Becoming a landlord is not so simple as sitting back and collecting rent payments. Being an investment rental owner means handling maintenance, tenant issues, DIY home improvements and other issues associated with owning property. Acting as a landlord is a huge investment of time. Many property owners often choose to partner with a good property management company to step in to help with the day-to-day property issues. Considering hiring a property management company? Read on to learn about nine traits to look for when reaching prospective property management partners.

For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any