News & insights

Atlanta, Georgia is among the fastest-growing areas in the US, drawing people in from all over the country to experience its rich culture and commerce.

We’re ready to create homeowners! Hello! And welcome to The Bird’s Nest, where you’ll find updates, insights, stories, and the occasional meme from the Pathway Team. We’re so excited you have come to check us out!

It can often be misleading how much money is needed to buy a home. Figuring out how much money you need to buy a house also entails more than the seller’s listing price. There are more costs involved than just the down payment, and this can come as a surprise to many new homeowners.

How much are closing costs on a house? Depending on where you are located, closing costs on a house can range anywhere from 2-5% of the total loan amount. This factors in property taxes, mortgage insurance, prepaid costs, and other fees.

Phoenix and the surrounding area see more sunshine than any other metro area in the country. Often that is enough in itself to invite people to settle and enjoy the sunny climate; but there are many other features that attract homebuyers and professionals to the city, including a thriving job market and lower cost of living. From its modern downtown, to sports stadiums, shopping, arts districts, and fine dining, as well as hiking and natural areas nearby, Phoenix has a wide range of amenities to offer.

Now that you’ve looked into different mortgage options, what comes next? Here is a step-by-step outline for how to navigate the next phase of your path to homeownership.

Mortgages are loans that allow for homeowners and businesses to purchase property without having to pay for it all at once. The homeowner pays back the loan, with interest, over a set amount of time. When you take out a mortgage, the property is set up as collateral. This incentivizes homeowners to pay off the mortgage, otherwise the bank is subject to foreclose on your home. You retain ownership of your own home as long as you continue to pay off the loan at the agreed-upon rate.

Purchasing that first home is an important milestone, but for many first-time buyers, knowing how to buy a house can feel daunting. Here is what to look for when buying a house, listing step- by- step to help you prepare to begin on your path to homeownership.

Figuring out your credit score and understanding how to improve it is essential for reaching financial success. Maintaining a good credit score will allow for several different things, including having lower interest rates on different credit lines and the ability to apply for loans to buy a home. In the end, it determines how much financial freedom you may be entitled to.

The path to homeownership requires discipline and diligence in planning and preparation. Most prospective buyers are not in a position to purchase their own home on a whim with cash on hand. Only after years of saving, paying off debt, and stewarding finances is it possible to begin that process.