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Lesson 5: Summary
We hope, this crash course has
given you a better idea about what to expect during your first purchase. Let’s
briefly review some key points:
- Clarify
your reasons to buy vs. rent. Determine how much house you can afford to narrow and define
your home search.
- Check your
credit history and save as much as you can for down-payment and closing
costs.
- Choose the
right loan for you.
- Gather the
necessary documentation and paperwork ahead of time. It will save you a lot of
stress and running around.Do it online, by phone or in
person.
- Get a
professional home inspection and secure homeowner’s insurance before
closing.
< Lesson 4
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