Before You Start Looking For Your New Home:
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Check your credit rating. Straighten out any errors before its too late.
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Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
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Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
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Choose a REALTORŪ that you trust and who understands your needs.
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Determine what neighborhood best matches your needs.
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Identify important features you need your new home to have.
Closing Costs to Expect:
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Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
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Third-party fees include charges for insurance, title search, and other inspections such as termites.
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Government fees include deed recording and state & local mortgage taxes.
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Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.
